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

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

Several other equities analysts have also commented on APO. Keefe, Bruyette & Woods upped their price objective on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Redburn Partners began coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Evercore ISI increased their target price on shares of Apollo Global Management from $127.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Wolfe Research assumed coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $141.00.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $149.25 on Wednesday. The firm has a 50 day simple moving average of $129.21 and a 200-day simple moving average of $119.76. Apollo Global Management has a 1-year low of $82.30 and a 1-year high of $151.84. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $85.00 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.55 and a beta of 1.59.

Institutional Trading of Apollo Global Management

Several hedge funds have recently made changes to their positions in APO. Cullen Frost Bankers Inc. acquired a new stake in shares of Apollo Global Management in the second quarter valued at about $35,000. Compagnie Lombard Odier SCmA acquired a new position in Apollo Global Management during the third quarter worth about $35,000. J.Safra Asset Management Corp raised its position in Apollo Global Management by 709.3% during the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 305 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in Apollo Global Management by 293.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 346 shares during the last quarter. Finally, Orion Capital Management LLC raised its position in Apollo Global Management by 20.0% during the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds 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.