Apollo Global Management (NYSE:APO) Upgraded at Wall Street Zen

Key Points

• Apollo Global Management was upgraded from a "sell" rating to a "hold" rating by analysts at Wall Street Zen in a report released on Saturday.
• Multiple analysts have varied price targets for Apollo, with the consensus target price set at $161.26 and a consensus rating of "Moderate Buy."
• The company reported $1.92 EPS for the last quarter, exceeding analysts' expectations of $1.84 EPS, indicating strong financial performance.

Apollo Global Management (NYSE:APO - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

A number of other analysts also recently weighed in on the stock. Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. Citigroup upped their target price on shares of Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Piper Sandler reduced their target price on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Evercore ISI increased their price objective on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Finally, Barclays increased their price objective on shares of Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.26.

Apollo Global Management Stock Down 1.3%

Shares of NYSE:APO traded down $1.8110 during midday trading on Friday, reaching $137.5790. The company's stock had a trading volume of 824,017 shares, compared to its average volume of 3,598,337. The firm has a 50 day moving average of $142.98 and a 200-day moving average of $139.98. The firm has a market capitalization of $78.70 billion, a P/E ratio of 25.71, a PEG ratio of 1.45 and a beta of 1.62. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. Apollo Global Management has a 12-month low of $102.58 and a 12-month high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last released its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.08. The firm had revenue of $6,550,000 billion for the quarter, compared to the consensus estimate of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same period in the prior year, the firm earned $1.64 EPS. On average, research analysts anticipate that Apollo Global Management will post 8 earnings per share for the current year.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 15,500 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the sale, the chief financial officer owned 332,399 shares of the company's stock, valued at $48,234,418.89. This trade represents a 4.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Whitney Chatterjee sold 4,500 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the sale, the insider directly owned 83,192 shares in the company, valued at approximately $12,148,527.76. The trade was a 5.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.50% of the company's stock.

Institutional Trading of Apollo Global Management

A number of institutional investors have recently made changes to their positions in APO. State of Wyoming purchased a new position in shares of Apollo Global Management in the second quarter worth approximately $206,000. Delos Wealth Advisors LLC bought a new stake in Apollo Global Management during the 2nd quarter worth approximately $25,000. Hohimer Wealth Management LLC raised its position in shares of Apollo Global Management by 5.4% during the second quarter. Hohimer Wealth Management LLC now owns 6,547 shares of the financial services provider's stock valued at $929,000 after buying an additional 336 shares during the last quarter. Westwood Holdings Group Inc. raised its position in shares of Apollo Global Management by 7.3% during the second quarter. Westwood Holdings Group Inc. now owns 24,933 shares of the financial services provider's stock valued at $3,537,000 after buying an additional 1,686 shares during the last quarter. Finally, Rexford Capital Inc. bought a new stake in shares of Apollo Global Management during the second quarter valued at approximately $1,359,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.