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

Key Points

• Wall Street Zen downgraded Apollo Global Management from “hold” to “sell,” even though the broader analyst view remains more positive with a consensus rating of Moderate Buy and a price target of $150.75.
• Apollo recently beat earnings expectations for the latest quarter, reporting $1.94 EPS versus $1.89 expected, but revenue came in below estimates and fell 8.8% from a year earlier.
• The stock has been active among analysts and institutions: several firms recently raised or reiterated bullish ratings, while institutional ownership remains high at 77.06%.

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

A number of other research firms have also recently issued reports on APO. Barclays upped their price objective on Apollo Global Management from $125.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Apollo Global Management in a report on Thursday. Argus upgraded Apollo Global Management to a "strong-buy" rating in a report on Thursday, February 19th. The Goldman Sachs Group cut their price objective on Apollo Global Management from $169.00 to $134.00 and set a "buy" rating for the company in a report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. lowered their target price on Apollo Global Management from $164.00 to $162.00 and set an "overweight" rating for the company in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $150.75.

Apollo Global Management Price Performance

APO opened at $133.15 on Friday. The stock has a 50-day moving average price of $113.74 and a 200-day moving average price of $127.41. Apollo Global Management has a 12-month low of $99.56 and a 12-month high of $157.28. The company has a current ratio of 1.73, a quick ratio of 1.31 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $76.99 billion, a P/E ratio of 84.81, a PEG ratio of 1.16 and a beta of 1.52.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.05. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The firm had revenue of $5.06 billion during the quarter, compared to analysts' expectations of $5.19 billion. During the same period in the prior year, the business earned $1.82 EPS. The company's revenue for the quarter was down 8.8% compared to the same quarter last year. Equities analysts predict that Apollo Global Management will post 8.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp lifted its stake in shares of Apollo Global Management by 99.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 99 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management during the 4th quarter valued at approximately $29,000. Osbon Capital Management LLC bought a new position in Apollo Global Management during the 4th quarter valued at approximately $36,000. Steigerwald Gordon & Koch Inc. raised its position in Apollo Global Management by 484.1% during the 1st 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 last quarter. Finally, MBM Wealth Consultants LLC bought a new position in Apollo Global Management during the 1st quarter valued at approximately $29,000. Institutional investors own 77.06% of the company's stock.

More Apollo Global Management News

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

• Positive Sentiment: Apollo reported first-quarter results that beat earnings expectations, with stronger fee-related earnings and assets under management surpassing $1 trillion, highlighting momentum in its core business and supporting the stock. Apollo Global Q1 earnings top earnings on strong fee-related earnings; AUM exceeds 1T
• Positive Sentiment: The company also raised its quarterly dividend by 10.3%, which signals confidence in cash generation and can be viewed favorably by income-oriented investors. Apollo Funds Complete Acquisition of Prosol Group
• Positive Sentiment: Reports that Apollo is part of a potential $35 billion financing package for Broadcom suggest growing demand for its private credit capabilities and could expand fee income if the deal closes. Apollo, Blackstone Weigh 35 Billion Financing for Broadcom
• Neutral Sentiment: Apollo also completed its acquisition of a majority stake in Prosol Group, which adds to its private equity portfolio but is not likely to be a near-term stock catalyst on its own. Apollo Funds Complete Acquisition of Prosol Group
• Neutral Sentiment: Management is also pushing for more transparency in private credit valuations, a move that may help fundraising over time but does not directly change near-term earnings. Apollo Seeks an Edge With Credit Fund Transparency Push

About Apollo Global Management

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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