Apollo Global Management (NYSE:APO) Stock Rating Upgraded by UBS Group

Apollo Global Management (NYSE:APO) was upgraded by investment analysts at UBS Group to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other brokerages have also recently issued reports on APO. Barclays lifted their price objective on Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Wolfe Research assumed coverage on Apollo Global Management in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price objective for the company. Wells Fargo & Company boosted their target price on Apollo Global Management from $149.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Argus reduced their price objective on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Finally, Morgan Stanley upped their price objective on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $150.83.

Apollo Global Management Trading Down 0.8 %

Shares of NYSE:APO traded down $1.37 during midday trading on Wednesday, reaching $162.94. 600,180 shares of the company’s stock were exchanged, compared to its average volume of 2,646,318. The stock has a market cap of $92.80 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.70 and a beta of 1.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The firm’s 50 day simple moving average is $136.34 and its two-hundred day simple moving average is $122.15. Apollo Global Management has a fifty-two week low of $85.84 and a fifty-two week high of $168.67.

Institutional Trading of Apollo Global Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. acquired a new position in Apollo Global Management in the second quarter worth about $35,000. Compagnie Lombard Odier SCmA bought a new position in Apollo Global Management in the third quarter valued at approximately $35,000. Massmutual Trust Co. FSB ADV boosted its stake in Apollo Global Management by 293.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 346 shares during the last quarter. Orion Capital Management LLC boosted its stake in Apollo Global Management by 20.0% in the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 100 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new position in shares of Apollo Global Management during the third quarter worth $80,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

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.