UBS Group Reiterates “Buy” Rating for Apollo Global Management (NYSE:APO)

Apollo Global Management (NYSE:APO)‘s stock had its “buy” rating reiterated by UBS Group in a report released on Thursday, MarketBeat Ratings reports. They currently have a $186.00 price target on the financial services provider’s stock. UBS Group’s price target points to a potential upside of 25.63% from the stock’s current price.

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group reissued a “buy” rating and issued a $155.00 price objective on shares of Apollo Global Management in a research report on Tuesday, November 25th. BMO Capital Markets set a $136.00 price objective on Apollo Global Management and gave the company a “market perform” rating in a research note on Tuesday, November 25th. Cowen reissued a “buy” rating on shares of Apollo Global Management in a report on Tuesday, November 25th. Morgan Stanley upgraded Apollo Global Management from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $151.00 to $180.00 in a research report on Thursday, November 20th. Finally, Evercore ISI raised their price target on shares of Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $166.23.

Apollo Global Management Trading Down 1.5%

Shares of NYSE APO opened at $148.06 on Thursday. The stock has a market capitalization of $85.94 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.61. The business has a fifty day moving average price of $129.64 and a 200 day moving average price of $135.98. Apollo Global Management has a 1-year low of $102.58 and a 1-year high of $179.42. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.49.

Insider Activity

In related news, CFO Martin Kelly sold 6,000 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $131.41, for a total transaction of $788,460.00. Following the transaction, the chief financial officer owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. This represents a 1.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

Several institutional investors have recently bought and sold shares of APO. Allworth Financial LP lifted its holdings in Apollo Global Management by 74.1% during the 3rd quarter. Allworth Financial LP now owns 2,081 shares of the financial services provider’s stock worth $277,000 after buying an additional 886 shares in the last quarter. Swiss Life Asset Management Ltd boosted its holdings in shares of Apollo Global Management by 26.0% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 48,201 shares of the financial services provider’s stock valued at $6,424,000 after buying an additional 9,936 shares in the last quarter. Steadtrust LLC purchased a new position in shares of Apollo Global Management during the third quarter worth about $221,000. CIBC Private Wealth Group LLC increased its position in Apollo Global Management by 40.7% during the third quarter. CIBC Private Wealth Group LLC now owns 3,178 shares of the financial services provider’s stock worth $424,000 after buying an additional 920 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new stake in Apollo Global Management in the 3rd quarter valued at $8,346,000. 77.06% of the stock is 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.