Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Apollo Global Management (NYSE:APO) Stock

Apollo Global Management (NYSE:APO) had its target price hoisted by investment analysts at Keefe, Bruyette & Woods from $159.00 to $168.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 5.08% from the company’s previous close.

Several other equities analysts also recently commented on the stock. UBS Group increased their target price on shares of Apollo Global Management from $117.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group boosted their target price on Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Redburn Partners began coverage on Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $124.00 to $123.00 in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $150.83.

Apollo Global Management Price Performance

NYSE APO opened at $159.88 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $91.06 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.53 and a beta of 1.59. Apollo Global Management has a 12-month low of $83.88 and a 12-month high of $166.72. The company has a 50 day moving average price of $131.14 and a two-hundred day moving average price of $120.34.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of APO. Empowered Funds LLC boosted its stake in shares of Apollo Global Management by 193.3% in the 1st quarter. Empowered Funds LLC now owns 51,181 shares of the financial services provider’s stock valued at $5,755,000 after purchasing an additional 33,731 shares during the last quarter. PGGM Investments bought a new position in shares of Apollo Global Management in the 1st quarter worth $840,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of 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 worth $3,903,000 after purchasing an additional 9,708 shares during the period. Mackenzie Financial Corp increased its holdings in Apollo Global Management by 4.5% in 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 raised its holdings in Apollo Global Management by 8.4% in the third quarter. Forsta AP Fonden now owns 143,600 shares of the financial services provider’s stock worth $17,937,000 after purchasing an additional 11,100 shares during the period. 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.