Apollo Global Management (NYSE:APO) Upgraded at StockNews.com

Apollo Global Management (NYSE:APO) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Several other equities analysts have also recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. increased their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. TD Cowen increased their price objective on shares of Apollo Global Management from $165.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Evercore ISI increased their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley increased their price objective on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $150.83.

Apollo Global Management Price Performance

APO opened at $164.38 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $93.62 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.70 and a beta of 1.59. The company’s 50-day simple moving average is $135.23 and its two-hundred day simple moving average is $121.85. Apollo Global Management has a 52-week low of $85.84 and a 52-week high of $168.67.

Institutional Investors Weigh In On Apollo Global Management

Several institutional investors and hedge funds have recently modified their holdings of APO. Envestnet Portfolio Solutions Inc. raised its position in shares of Apollo Global Management by 20.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 11,840 shares of the financial services provider’s stock valued at $1,331,000 after buying an additional 2,031 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Apollo Global Management by 10.7% during the first quarter. QRG Capital Management Inc. now owns 21,663 shares of the financial services provider’s stock valued at $2,436,000 after buying an additional 2,099 shares during the last quarter. US Bancorp DE raised its position in shares of Apollo Global Management by 3.5% during the first quarter. US Bancorp DE now owns 8,551 shares of the financial services provider’s stock valued at $962,000 after buying an additional 288 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of Apollo Global Management during the first quarter valued at approximately $2,382,000. Finally, Bleakley Financial Group LLC raised its position in shares of Apollo Global Management by 7.9% during the first quarter. Bleakley Financial Group LLC now owns 18,565 shares of the financial services provider’s stock valued at $2,088,000 after buying an additional 1,357 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

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.