Apollo Global Management (NYSE:APO) Earns Outperform Rating from Analysts at Wolfe Research

Equities researchers at Wolfe Research started coverage on shares of Apollo Global Management (NYSE:APO) in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm set an “outperform” rating and a $139.00 price target on the financial services provider’s stock. Wolfe Research’s target price suggests a potential upside of 10.81% from the company’s previous close.

A number of other equities research analysts have also recently commented on APO. Argus reduced their price objective on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Barclays cut their price target 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. Redburn Partners started coverage on Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and lowered their target price for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. Finally, TD Cowen boosted their target price on Apollo Global Management from $146.00 to $147.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $129.65.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $125.44 on Wednesday. The firm has a market cap of $71.27 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 1.30 and a beta of 1.61. Apollo Global Management has a 52 week low of $77.11 and a 52 week high of $126.93. The firm’s fifty day moving average is $113.88 and its 200-day moving average is $114.10. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26.

Apollo Global Management (NYSE:APO) last issued its quarterly 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 business had revenue of $6.02 billion during the quarter, compared to analyst estimates of $873.18 million. During the same period last year, the firm posted $1.54 earnings per share. Sell-side analysts predict that Apollo Global Management will post 6.62 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Pauline Richards bought 2,351 shares of Apollo Global Management stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average price of $104.92 per share, with a total value of $246,666.92. Following the completion of the purchase, the director now owns 85,854 shares in the company, valued at approximately $9,007,801.68. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

A number of hedge funds have recently bought and sold shares of the business. Centaurus Financial Inc. lifted its position in shares of Apollo Global Management by 122.2% in the second quarter. Centaurus Financial Inc. now owns 3,571 shares of the financial services provider’s stock valued at $422,000 after acquiring an additional 1,964 shares in the last quarter. American Trust increased its holdings in shares of Apollo Global Management by 35.6% in the second quarter. American Trust now owns 2,895 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 760 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Apollo Global Management in the 2nd quarter worth $11,107,000. New Century Financial Group LLC acquired a new stake in shares of Apollo Global Management during the 2nd quarter worth approximately $347,000. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in 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 acquiring an additional 32,000 shares during the last quarter. Hedge funds and other 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.