Apollo Global Management (NYSE:APO) Given New $150.00 Price Target at Evercore ISI

Apollo Global Management (NYSE:APO) had its price target raised by investment analysts at Evercore ISI from $127.00 to $150.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s price objective suggests a potential upside of 13.02% from the company’s current price.

A number of other equities research analysts have also recently weighed in on APO. Barclays reduced their price objective on Apollo Global Management from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Wells Fargo & Company began coverage on shares of Apollo Global Management in a research report on Thursday, September 12th. They issued an “overweight” rating and a $132.00 price target for the company. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Argus reduced their target price on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $130.82.

Apollo Global Management Stock Up 0.5 %

Shares of NYSE APO traded up $0.71 during mid-day trading on Wednesday, reaching $132.72. The company had a trading volume of 245,331 shares, compared to its average volume of 2,557,428. The firm has a 50 day simple moving average of $114.15 and a two-hundred day simple moving average of $114.53. Apollo Global Management has a 52-week low of $77.11 and a 52-week high of $133.72. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock has a market cap of $75.41 billion, a P/E ratio of 14.91, a PEG ratio of 1.30 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. During the same quarter last year, the firm posted $1.54 EPS. Sell-side analysts predict that Apollo Global Management will post 6.62 earnings per share for the current year.

Insider Transactions at Apollo Global Management

In related news, Director Pauline Richards acquired 2,351 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the purchase, the director now directly owns 85,854 shares of the company’s stock, valued at $9,007,801.68. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.50% of the company’s stock.

Institutional Trading of Apollo Global Management

Large investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC boosted its stake in shares of Apollo Global Management by 112.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 1,045,422 shares of the financial services provider’s stock worth $117,558,000 after acquiring an additional 552,893 shares in the last quarter. CenterBook Partners LP raised its holdings in Apollo Global Management by 59.9% during the 4th quarter. CenterBook Partners LP now owns 20,739 shares of the financial services provider’s stock worth $1,933,000 after buying an additional 7,769 shares during the period. Empowered Funds LLC lifted its stake in Apollo Global Management by 193.3% during the first quarter. Empowered Funds LLC now owns 51,181 shares of the financial services provider’s stock valued at $5,755,000 after buying an additional 33,731 shares in the last quarter. Diversified Trust Co acquired a new position in shares of Apollo Global Management in the first quarter worth about $1,731,000. Finally, Cobalt Capital Management Inc. purchased a new position in shares of Apollo Global Management in the fourth quarter worth approximately $932,000. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.