Apollo Global Management (NYSE:APO) Price Target Cut to $194.00 by Analysts at Keefe, Bruyette & Woods

Apollo Global Management (NYSE:APO) had its target price reduced by equities research analysts at Keefe, Bruyette & Woods from $196.00 to $194.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 17.75% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft raised their price target on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group lifted their price objective on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Evercore ISI lifted their price objective on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. BMO Capital Markets lifted their price objective on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, Barclays raised their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.00.

Apollo Global Management Stock Performance

Shares of APO opened at $164.76 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average of $169.37 and a 200 day moving average of $144.39. Apollo Global Management has a 12 month low of $95.11 and a 12 month high of $189.49. The company has a market capitalization of $93.22 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.37 and a beta of 1.63.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 133,400 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the sale, the insider now directly owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. This represents a 0.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 196,600 shares of company stock worth $34,186,128. Corporate insiders own 8.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC bought a new position in shares of Apollo Global Management during the 4th quarter valued at approximately $34,000. Compagnie Lombard Odier SCmA bought a new position in shares of Apollo Global Management during the 3rd quarter valued at approximately $35,000. Byrne Asset Management LLC bought a new position in shares of Apollo Global Management during the 4th quarter valued at approximately $37,000. Retirement Wealth Solutions LLC bought a new position in shares of Apollo Global Management during the 4th quarter valued at approximately $39,000. Finally, UMB Bank n.a. boosted its position in shares of Apollo Global Management by 447.1% during the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 228 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

About Apollo Global Management

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.