Apollo Global Management (NYSE:APO) Now Covered by Wolfe Research

Stock analysts at Wolfe Research started coverage on shares of Apollo Global Management (NYSE:APO) in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $139.00 price target on the financial services provider’s stock. Wolfe Research’s price target would suggest a potential upside of 10.81% from the company’s current price.

A number of other analysts also recently commented on APO. Wells Fargo & Company began coverage on Apollo Global Management in a research note on Thursday, September 12th. They issued an “overweight” rating and a $132.00 price objective on the stock. Redburn Atlantic started coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. Redburn Partners initiated coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, TD Cowen increased their price target on Apollo Global Management from $146.00 to $147.00 and gave the company a “buy” rating in a research report on Monday, July 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.65.

Apollo Global Management Stock Performance

APO stock opened at $125.44 on Wednesday. The company has a market capitalization of $71.27 billion, a P/E ratio of 13.89, a PEG ratio of 1.30 and a beta of 1.61. 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 company has a 50-day simple moving average of $113.88 and a 200 day simple moving average of $114.10. Apollo Global Management has a fifty-two week low of $77.11 and a fifty-two week high of $126.93.

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

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards bought 2,351 shares of Apollo Global Management stock in a transaction on Tuesday, August 6th. The shares were purchased at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the acquisition, 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 accessible through this link. 8.50% of the stock is owned by corporate insiders.

Institutional Trading of Apollo Global Management

A number of institutional investors have recently modified their holdings of the company. Curated Wealth Partners LLC lifted its position in shares of Apollo Global Management by 200.3% in the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after purchasing an additional 4,717,661 shares in the last quarter. TD Asset Management Inc increased its position in shares of Apollo Global Management by 4,248.9% during the 4th quarter. TD Asset Management Inc now owns 2,459,235 shares of the financial services provider’s stock worth $229,176,000 after purchasing an additional 2,402,686 shares during the last quarter. Capital Research Global Investors increased its holdings in Apollo Global Management by 40.3% during the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock worth $532,852,000 after buying an additional 1,360,525 shares during the last quarter. Third Point LLC bought a new stake in shares of Apollo Global Management in the 4th quarter valued at about $83,871,000. Finally, Vanguard Group Inc. boosted its stake in shares of Apollo Global Management by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 41,038,114 shares of the financial services provider’s stock worth $3,824,342,000 after acquiring an additional 750,781 shares during the period. 77.06% of the stock is currently owned by institutional investors.

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.