Apollo Global Management (NYSE:APO) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Apollo Global Management from “hold” to “strong sell,” adding to a more cautious set of analyst revisions.
• Despite the downgrade, MarketBeat’s analyst consensus remains “Moderate Buy,” with 13 Buy ratings and six Hold ratings and an average price target of $145.68.
• Apollo reported quarterly EPS of $2.11, missing the $2.16 consensus estimate; revenue of $5.57 billion also came in below expectations of $5.65 billion.

Apollo Global Management (NYSE:APO - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "strong sell" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other equities research analysts have also issued reports about the stock. Weiss Ratings raised shares of Apollo Global Management from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 21st. Rothschild & Co Redburn raised their price target on Apollo Global Management from $171.00 to $173.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Evercore boosted their target price on shares of Apollo Global Management from $145.00 to $146.00 in a research note on Thursday, October 8th. Jefferies Financial Group lowered their price objective on Apollo Global Management from $138.00 to $127.00 and set a "hold" rating for the company in a research report on Tuesday, October 6th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Apollo Global Management from $135.00 to $130.00 and set a "market perform" rating on the stock in a research report on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Apollo Global Management has an average rating of "Moderate Buy" and an average price target of $145.68.

Apollo Global Management Trading Down 0.4%

Shares of Apollo Global Management stock opened at $116.78 on Friday. The stock has a 50 day moving average price of $120.79 and a two-hundred day moving average price of $122.95. Apollo Global Management has a 52 week low of $99.56 and a 52 week high of $153.29. The stock has a market capitalization of $68.96 billion, a PE ratio of -63.81, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 14.01% and a net margin of 5.22%. During the same quarter in the previous year, the company earned $1.92 EPS. As a group, equities analysts anticipate that Apollo Global Management will post 7.96 earnings per share for the current fiscal year.

Insider Buying and Selling at Apollo Global Management

In other 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 transaction of $422,520.00. Following the sale, the chief financial officer owned 396,533 shares in the company, valued at $55,847,707.72. This represents a 0.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Whitney Chatterjee sold 7,339 shares of Apollo Global Management stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total value of $864,754.37. Following the transaction, the insider owned 129,151 shares of the company's stock, valued at $15,217,862.33. This trade represents a 5.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Apollo Global Management

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new position in Apollo Global Management during the second quarter worth $459,987,000. Bank of New York Mellon Corp acquired a new stake in shares of Apollo Global Management during the 2nd quarter worth approximately $336,644,000. Temasek Holdings Private Ltd boosted its stake in shares of Apollo Global Management by 214.4% during the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider's stock worth $263,861,000 after buying an additional 1,614,813 shares during the period. Deutsche Bank AG acquired a new position in shares of Apollo Global Management in the 2nd quarter valued at about $172,290,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Apollo Global Management during the second quarter valued at about $136,528,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Apollo Global Management

Here are the key news stories impacting Apollo Global Management this week:

• Positive Sentiment: JPMorgan Chase raised its price target on Apollo, offering a counterpoint to recent analyst reductions. The available report does not specify the new target. Article: Apollo Global Management Stock Gets Price Target Increase from JPMorgan Chase
• Positive Sentiment: UBS and Argus both maintained “buy” ratings despite lowering their targets: UBS cut its target from $163 to $160, while Argus reduced its target from $160 to $140. Their continued buy ratings indicate both firms still see potential upside from the referenced $116.78 share price. Read More. · Read More.
• Neutral Sentiment: Apollo and Goldman Sachs are reportedly seeking buyers for a roughly $40 billion SpaceX AI-chip financing deal. The potential transaction could create financing opportunities, but it remains a reported effort to place the deal, not a confirmed completed investment. Article: Goldman, Apollo in talks to sell SpaceX’s AI deal
• Neutral Sentiment: Nvidia is reportedly interested in Apollo’s struggling telecom sites as potential data-center locations. A sale or other deal could help monetize the assets, though no agreement was reported. Article: Nvidia Eyes Apollo’s Struggling Telecom Sites
• Negative Sentiment: RBC issued a pessimistic forecast, while Keefe, Bruyette & Woods and Barclays lowered their expectations for APO. Together with the Argus and UBS target cuts, the revisions point to more cautious analyst sentiment, even as some firms retain buy ratings. Read More. · Read More. · Read More.
• Negative Sentiment: A report highlighted a 6.7% one-session decline in Apollo shares, underscoring recent volatility; the article listing did not identify a specific cause for that drop. Article: Apollo Global Management Drops 6.7%

About Apollo Global Management

Apollo Global Management is a global alternative asset manager that provides investment management and retirement services. Its investment strategies span private equity, credit and real assets, including infrastructure, and it serves institutional and individual investors.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan. It has since expanded its investment businesses and retirement-services operations, including through Athene, its retirement services platform.

Apollo operates across global markets and is led by co-founder Marc Rowan, who serves as chief executive officer.

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