UBS Group Upgrades Apollo Global Management (NYSE:APO) to Hold

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

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. increased their price target on Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods upped their price target on Apollo Global Management from $159.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Evercore ISI upped their target price on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Wolfe Research started coverage on Apollo Global Management in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 target price for the company. Finally, Bank of America upgraded Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $124.00 to $123.00 in a report on Tuesday, August 6th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $150.83.

Apollo Global Management Stock Down 0.8 %

Apollo Global Management stock traded down $1.37 during midday trading on Wednesday, hitting $162.94. 600,180 shares of the company were exchanged, compared to its average volume of 2,646,318. The company’s fifty day moving average price is $136.34 and its 200-day moving average price is $122.15. Apollo Global Management has a fifty-two week low of $85.84 and a fifty-two week high of $168.67. The company has a market cap of $92.80 billion, a PE ratio of 17.17, a price-to-earnings-growth 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.

Institutional Trading of Apollo Global Management

Institutional investors have recently made changes to their positions in the business. Curated Wealth Partners LLC boosted its holdings in shares of Apollo Global Management by 200.3% in the 2nd 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 during the period. Capital Research Global Investors lifted its holdings in shares of Apollo Global Management by 40.3% in the 1st 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 period. Massachusetts Financial Services Co. MA purchased a new stake in Apollo Global Management in the second quarter worth about $62,972,000. 1832 Asset Management L.P. lifted its stake in Apollo Global Management by 66.0% in the first quarter. 1832 Asset Management L.P. now owns 1,257,460 shares of the financial services provider’s stock worth $141,401,000 after acquiring an additional 499,930 shares during the period. Finally, Marshall Wace LLP increased its holdings in shares of Apollo Global Management by 74.5% during the second quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider’s stock valued at $112,836,000 after acquiring an additional 408,105 shares in the last quarter. Hedge funds and other institutional investors 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.