Piper Sandler Increases Apollo Global Management (NYSE:APO) Price Target to $202.00

Apollo Global Management (NYSE:APO) had its price target raised by equities researchers at Piper Sandler from $188.00 to $202.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price target indicates a potential upside of 15.11% from the company’s current price.

APO has been the topic of a number of other research reports. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Argus reduced their price objective on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. UBS Group raised shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Wells Fargo & Company increased their target price on shares of Apollo Global Management from $164.00 to $197.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, TD Cowen boosted their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $161.63.

Apollo Global Management Stock Performance

APO stock traded down $0.83 during trading on Wednesday, hitting $175.49. 1,738,577 shares of the company traded hands, compared to its average volume of 2,863,935. 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 stock’s 50-day simple moving average is $159.60 and its 200 day simple moving average is $131.98. Apollo Global Management has a 1 year low of $89.76 and a 1 year high of $189.49. The company has a market cap of $99.30 billion, a PE ratio of 18.32, a P/E/G ratio of 1.84 and a beta of 1.63.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the sale, the insider now owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 196,600 shares of company stock worth $34,186,128 over the last 90 days. 8.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Apollo Global Management during the 3rd quarter worth approximately $503,000. Sfmg LLC raised its position in Apollo Global Management by 1.1% in the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock worth $902,000 after acquiring an additional 79 shares in the last quarter. World Investment Advisors LLC boosted its position in shares of Apollo Global Management by 1.8% during the 3rd quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider’s stock worth $852,000 after purchasing an additional 119 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Apollo Global Management by 11.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 110,347 shares of the financial services provider’s stock worth $13,783,000 after purchasing an additional 11,370 shares during the period. Finally, Unigestion Holding SA purchased a new position in shares of Apollo Global Management in the 3rd quarter valued at about $609,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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.