TD Cowen Issues Pessimistic Forecast for Apollo Global Management (NYSE:APO) Stock Price

Apollo Global Management (NYSE:APO) had its price objective lowered by research analysts at TD Cowen from $159.00 to $154.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. TD Cowen’s target price points to a potential upside of 32.30% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. Piper Sandler raised their price objective on Apollo Global Management from $156.00 to $159.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. HSBC began coverage on Apollo Global Management in a report on Monday, July 20th. They set a “buy” rating and a $145.00 price objective for the company. Jefferies Financial Group decreased their target price on Apollo Global Management from $138.00 to $127.00 and set a “hold” rating on the stock in a research report on Tuesday, October 6th. Bank of America lowered their target price on Apollo Global Management from $163.00 to $161.00 in a report on Monday, October 5th. Finally, Morgan Stanley dropped their price target on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $152.60.

Apollo Global Management Trading Down 2.4%

Shares of APO opened at $116.41 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average is $127.73 and its two-hundred day moving average is $125.17. Apollo Global Management has a twelve month low of $99.56 and a twelve month high of $153.29. The firm has a market capitalization of $68.74 billion, a P/E ratio of 42.64, a PEG ratio of 1.06 and a beta of 1.58.

Apollo Global Management (NYSE:APO) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same period last year, the business posted $1.92 earnings per share. On average, research analysts predict that Apollo Global Management will post 8.00 earnings per share for the current fiscal year.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the sale, the chief financial officer owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. This represents a 0.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.30% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

Hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. boosted its stake in shares of Apollo Global Management by 148.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 16,408 shares of the financial services provider’s stock valued at $1,904,000 after acquiring an additional 9,794 shares during the last quarter. Krilogy Financial LLC increased its position in Apollo Global Management by 237.5% during the 3rd quarter. Krilogy Financial LLC now owns 10,759 shares of the financial services provider’s stock worth $1,249,000 after purchasing an additional 7,571 shares in the last quarter. Armstrong Advisory Group Inc. increased its position in Apollo Global Management by 2,113.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 28,869 shares of the financial services provider’s stock worth $3,351,000 after purchasing an additional 27,565 shares in the last quarter. Marquette Asset Management LLC raised its stake in Apollo Global Management by 660.6% in the 3rd quarter. Marquette Asset Management LLC now owns 502 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 436 shares during the last quarter. Finally, Valley Wealth Managers Inc. raised its stake in Apollo Global Management by 7.4% in the 3rd quarter. Valley Wealth Managers Inc. now owns 5,065 shares of the financial services provider’s stock valued at $588,000 after purchasing an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.

Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.