Wall Street Zen Upgrades Apollo Global Management (NYSE:APO) to Hold

Apollo Global Management (NYSE:APO) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Several other equities analysts also recently commented on the stock. HSBC assumed coverage on shares of Apollo Global Management in a report on Monday, July 20th. They issued a “buy” rating and a $145.00 price objective on the stock. UBS Group upped their price objective on Apollo Global Management from $157.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. BMO Capital Markets reduced their price target on Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating on the stock in a report on Monday, July 13th. TD Cowen reissued a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 6th. Finally, Evercore reaffirmed an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $152.77.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $133.59 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. Apollo Global Management has a one year low of $99.56 and a one year high of $153.29. The firm has a market cap of $78.89 billion, a price-to-earnings ratio of 48.94, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51. The stock’s 50-day moving average is $126.74 and its 200-day moving average is $122.71.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the prior year, the firm earned $1.92 EPS. Equities analysts predict that Apollo Global Management will post 8.12 earnings per share for the current fiscal year.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the transaction, the chief financial officer owned 396,533 shares of the company’s stock, valued at $55,847,707.72. The trade was a 0.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John P. Zito sold 48,644 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the transaction, the insider directly owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. The trade was a 1.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 8.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Apollo Global Management

A number of institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. boosted its holdings in Apollo Global Management by 16.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 82 shares during the period. Broadway Wealth Solutions Inc. raised its holdings in Apollo Global Management by 3.8% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 2,388 shares of the financial services provider’s stock valued at $346,000 after buying an additional 87 shares during the last quarter. First Horizon Corp boosted its position in Apollo Global Management by 8.1% during the 4th quarter. First Horizon Corp now owns 1,228 shares of the financial services provider’s stock valued at $178,000 after buying an additional 92 shares during the period. Physician Wealth Advisors Inc. boosted its position in Apollo Global Management by 57.8% during the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after buying an additional 96 shares during the period. Finally, Glen Eagle Advisors LLC grew its holdings in Apollo Global Management by 33.3% in the 4th quarter. Glen Eagle Advisors LLC now owns 384 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 96 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 investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.