Keefe, Bruyette & Woods Issues Pessimistic Forecast for Apollo Global Management (NYSE:APO) Stock Price

Key Points

• Keefe, Bruyette & Woods cut its price target on Apollo to $130 from $135 and maintained a “market perform” rating, implying 14.28% upside from the previous close.
• Analyst sentiment overall remains more positive: MarketBeat reports a “Moderate Buy” consensus and a $149.25 average target, with 14 Buy ratings and six Hold ratings.
• Apollo’s latest reported quarter missed earnings and revenue estimates; the article also notes a $1.06 billion net loss attributable to common stockholders, tied to investment-related items.

Apollo Global Management (NYSE:APO - Get Free Report) had its price objective cut by analysts at Keefe, Bruyette & Woods from $135.00 to $130.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods's price target points to a potential upside of 14.28% from the stock's previous close.

Several other research firms have also issued reports on APO. Weiss Ratings raised shares of Apollo Global Management from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, August 21st. BMO Capital Markets lowered their target price on shares of Apollo Global Management from $134.00 to $124.00 and set a "market perform" rating on the stock in a research report on Tuesday, October 27th. The Goldman Sachs Group lowered their target price on shares of Apollo Global Management from $154.00 to $148.00 and set a "buy" rating on the stock in a research report on Friday, October 2nd. Wells Fargo & Company assumed coverage on Apollo Global Management in a report on Friday, October 2nd. They set an "equal weight" rating and a $127.00 target price on the stock. Finally, Rothschild & Co Redburn boosted their price target on Apollo Global Management from $171.00 to $173.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $149.25.

Apollo Global Management Price Performance

NYSE APO opened at $113.76 on Wednesday. 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 market capitalization of $67.18 billion, a PE ratio of 41.67, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51. Apollo Global Management has a 12-month low of $99.56 and a 12-month high of $153.29. The company has a 50 day moving average price of $121.66 and a two-hundred day moving average price of $123.30.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.05). The business had revenue of $5.57 billion for the quarter, compared to analyst estimates 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 last year, the company earned $1.92 EPS. As a group, equities analysts predict that Apollo Global Management will post 7.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the business's stock in a transaction on Friday, August 14th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Apollo Global Management

A number of institutional investors have recently made changes to their positions in the business. Avion Wealth lifted its position in shares of Apollo Global Management by 159.2% during the third quarter. Avion Wealth now owns 267 shares of the financial services provider's stock worth $31,000 after purchasing an additional 164 shares in the last quarter. Hohimer Wealth Management LLC bought a new stake in shares of Apollo Global Management during the third quarter valued at approximately $816,000. Candriam S.C.A. grew its stake in shares of Apollo Global Management by 196.5% during the third quarter. Candriam S.C.A. now owns 125,089 shares of the financial services provider's stock valued at $14,518,000 after purchasing an additional 82,894 shares during the last quarter. Ethic Inc. grew its stake in shares of Apollo Global Management by 19.5% during the third quarter. Ethic Inc. now owns 52,942 shares of the financial services provider's stock valued at $5,908,000 after purchasing an additional 8,650 shares during the last quarter. Finally, 180 Wealth Advisors LLC increased its holdings in shares of Apollo Global Management by 3.1% in the third quarter. 180 Wealth Advisors LLC now owns 5,742 shares of the financial services provider's stock valued at $666,000 after purchasing an additional 171 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Key Stories Impacting Apollo Global Management

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

• Positive Sentiment: Apollo’s originations reached a record $114 billion, while assets under management climbed to $1.07 trillion amid demand for alternative investments. The company also highlighted lending opportunities tied to AI infrastructure, while saying it would take a defensive approach to that financing. Apollo’s originations rise to a record $114 billion
• Positive Sentiment: Apollo launched a European private-credit platform with more than €10 billion in lending capacity, supporting its plans to expand credit origination and grow credit assets. Apollo launches European lending platform
• Neutral Sentiment: Plans to spend $350 million on software for private-credit trading in Austin may strengthen Apollo’s technology and trading capabilities, though the investment also represents a significant expense. Apollo software investment
• Neutral Sentiment: Apollo declared a quarterly dividend of $0.5625 per share, equivalent to $2.25 annualized and a yield of about 2%. The payout provides income but was not a major change to the investment outlook.
• Negative Sentiment: Third-quarter earnings missed consensus estimates, and Apollo reported a $1.06 billion net loss attributable to common stockholders, compared with net income a year earlier. The loss was linked to investment-related items; coverage also pointed to higher year-over-year expenses. Fee-related earnings beat expectations, but did not erase concerns about the overall results. Apollo reports investment-related loss

About Apollo Global Management

Apollo Global Management, Inc NYSE: APO is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.

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