Apollo Global Management (NYSE:APO) Price Target Raised to $135.00 at The Goldman Sachs Group

Apollo Global Management (NYSE:APO) had its target price raised by analysts at The Goldman Sachs Group from $128.00 to $135.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 2.95% from the company’s previous close.

A number of other equities analysts have also recently commented on APO. Wells Fargo & Company increased their target price on Apollo Global Management from $132.00 to $148.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays decreased their price objective on Apollo Global Management from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Redburn Atlantic began coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $124.00 to $123.00 in a research note on Tuesday, August 6th. Finally, UBS Group upped their price objective on shares of Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.78.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock traded down $1.57 on Thursday, hitting $131.13. The company’s stock had a trading volume of 1,684,760 shares, compared to its average volume of 2,583,008. The company has a market capitalization of $74.50 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 1.30 and a beta of 1.61. Apollo Global Management has a 1 year low of $77.11 and a 1 year high of $135.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a fifty day moving average price of $114.37 and a 200-day moving average price of $114.66.

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

Insider Buying and Selling at Apollo Global Management

In related news, Director Pauline Richards purchased 2,351 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the transaction, the director now directly owns 85,854 shares in the company, valued at $9,007,801.68. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of APO. Centaurus Financial Inc. lifted its stake in Apollo Global Management by 122.2% during the 2nd quarter. Centaurus Financial Inc. now owns 3,571 shares of the financial services provider’s stock worth $422,000 after acquiring an additional 1,964 shares in the last quarter. American Trust increased its stake in Apollo Global Management by 35.6% during the second quarter. American Trust now owns 2,895 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 760 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Apollo Global Management during the second quarter worth about $11,107,000. New Century Financial Group LLC purchased a new position in shares of Apollo Global Management in the second quarter valued at approximately $347,000. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Apollo Global Management by 15.5% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 238,800 shares of the financial services provider’s stock valued at $28,195,000 after purchasing an additional 32,000 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other 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.