Barclays Forecasts Strong Price Appreciation for Apollo Global Management (NYSE:APO) Stock

Apollo Global Management (NYSE:APO) had its price target increased by Barclays from $148.00 to $174.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target would indicate a potential upside of 16.58% from the stock’s current price.

A number of other equities research analysts also recently commented on APO. The Goldman Sachs Group lifted their price target on shares of Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. BMO Capital Markets lifted their price target on shares of Apollo Global Management from $123.00 to $138.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Redburn Atlantic assumed coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $141.00.

Apollo Global Management Stock Performance

Shares of APO opened at $149.25 on Wednesday. The stock has a market cap of $85.00 billion, a P/E ratio of 15.91, a PEG ratio of 1.55 and a beta of 1.59. Apollo Global Management has a 12-month low of $82.30 and a 12-month high of $151.84. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $129.21 and a two-hundred day moving average of $119.76.

Institutional Trading of Apollo Global Management

Institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its holdings in Apollo Global Management by 193.3% in the first quarter. Empowered Funds LLC now owns 51,181 shares of the financial services provider’s stock valued at $5,755,000 after acquiring an additional 33,731 shares in the last quarter. PGGM Investments bought a new stake in Apollo Global Management during the first quarter valued at $840,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Apollo Global Management by 38.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 34,709 shares of the financial services provider’s stock valued at $3,903,000 after purchasing an additional 9,708 shares during the last quarter. Mackenzie Financial Corp increased its stake in Apollo Global Management by 4.5% during the second quarter. Mackenzie Financial Corp now owns 178,868 shares of the financial services provider’s stock valued at $21,119,000 after purchasing an additional 7,679 shares during the last quarter. Finally, Forsta AP Fonden increased its stake in Apollo Global Management by 8.4% during the third quarter. Forsta AP Fonden now owns 143,600 shares of the financial services provider’s stock valued at $17,937,000 after purchasing an additional 11,100 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

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.