Apollo Global Management (NYSE:APO) Price Target Raised to $162.00 at TD Cowen

Apollo Global Management (NYSE:APO) had its price objective hoisted by investment analysts at TD Cowen from $135.00 to $162.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. TD Cowen’s price target indicates a potential upside of 20.19% from the company’s current price.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company increased their price objective on shares of Apollo Global Management from $132.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Redburn Partners initiated coverage on Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. Barclays cut 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. Finally, BMO Capital Markets upped their target price on Apollo Global Management from $123.00 to $138.00 and gave the stock an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus price target of $134.76.

Apollo Global Management Price Performance

Shares of NYSE APO traded up $2.78 during trading on Wednesday, hitting $134.79. 3,517,665 shares of the company were exchanged, compared to its average volume of 2,574,651. The company has a market cap of $76.58 billion, a price-to-earnings ratio of 14.95, a PEG 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 firm’s fifty day moving average price is $114.15 and its 200 day moving average price is $114.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.

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

Insider Activity at Apollo Global Management

In other news, Director Pauline Richards purchased 2,351 shares of the firm’s 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 acquisition, the director now directly owns 85,854 shares in the company, valued at $9,007,801.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Apollo Global Management

A number of hedge funds and other institutional investors have recently bought and sold shares of APO. True Wealth Design LLC bought a new stake in Apollo Global Management in the 4th quarter valued at $33,000. Cullen Frost Bankers Inc. bought a new stake in shares of Apollo Global Management during the 2nd quarter valued at $35,000. J.Safra Asset Management Corp lifted its position in shares of Apollo Global Management by 709.3% during the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after buying an additional 305 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of Apollo Global Management in the 1st quarter valued at approximately $45,000. Finally, Compass Wealth Management LLC increased its holdings in shares of Apollo Global Management by 48.7% during the first quarter. Compass Wealth Management LLC now owns 446 shares of the financial services provider’s stock worth $50,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds 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.