Apollo Global Management (NYSE:APO) Given New $154.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised Apollo Global Management’s price target from $150 to $154 and maintained an “overweight” rating, implying 15.66% upside from the prior close.
• Analyst sentiment remains positive, with MarketBeat reporting a consensus “Moderate Buy” rating and an average price target of $152.15.
• Apollo shares traded at $133.15, while the company’s latest quarterly results fell slightly short of expectations, reporting $2.11 in EPS versus a $2.16 consensus estimate and $5.57 billion in revenue versus $5.65 billion expected.

Apollo Global Management (NYSE:APO - Get Free Report) had its target price boosted by research analysts at JPMorgan Chase & Co. from $150.00 to $154.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 15.66% from the stock's previous close.

APO has been the topic of several other research reports. BMO Capital Markets decreased their target price on Apollo Global Management from $140.00 to $126.00 and set a "market perform" rating on the stock in a research report on Monday, July 13th. Royal Bank Of Canada upped their target price on shares of Apollo Global Management from $137.00 to $146.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 5th. Barclays boosted their price target on shares of Apollo Global Management from $132.00 to $157.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. HSBC began coverage on shares of Apollo Global Management in a research note on Monday, July 20th. They set a "buy" rating and a $145.00 price objective for the company. Finally, Piper Sandler decreased their target price on shares of Apollo Global Management from $157.00 to $156.00 and set an "overweight" rating on the stock in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $152.15.

Apollo Global Management Price Performance

NYSE:APO traded up $1.46 on Wednesday, reaching $133.15. 916,657 shares of the company's stock traded hands, compared to its average volume of 4,447,055. The firm has a market cap of $78.63 billion, a PE ratio of 48.69, a P/E/G ratio of 1.20 and a beta of 1.52. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The stock has a 50-day simple moving average of $126.28 and a 200-day simple moving average of $122.86. Apollo Global Management has a 12 month low of $99.56 and a 12 month high of $153.29.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings results 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). The business 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 quarter last year, the business posted $1.92 earnings per share. Equities research analysts forecast that Apollo Global Management will post 8.08 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 3,000 shares of the firm's stock in a transaction on 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 directly owned 396,533 shares in the company, valued at $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Apollo Global Management

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Osbon Capital Management LLC acquired a new stake in Apollo Global Management during the 4th quarter worth approximately $36,000. Steigerwald Gordon & Koch Inc. increased its holdings in shares of Apollo Global Management by 484.1% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 213 shares during the period. Continuum Advisory LLC purchased a new stake in shares of Apollo Global Management during the second quarter worth approximately $30,000. MBM Wealth Consultants LLC purchased a new stake in shares of Apollo Global Management during the first quarter worth approximately $29,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of Apollo Global Management during the second quarter worth $31,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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.

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