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

Key Points

• Wall Street Zen downgraded Apollo Global Management from “sell” to “strong sell,” despite the broader analyst consensus remaining “Moderate Buy” with a $152.77 price target.
• Apollo shares opened at $127.30, within a 52-week range of $99.56 to $153.29. The company recently reported quarterly EPS of $2.11, below the $2.16 analyst consensus.
• Insider John P. Zito sold 48,644 shares worth approximately $6.36 million; insiders retain an 8.30% stake, while institutional investors own 77.06% of the company.

Apollo Global Management (NYSE:APO - Get Free Report) was downgraded by Wall Street Zen from a "sell" rating to a "strong sell" rating in a report issued on Monday.

A number of other equities analysts also recently issued reports on the company. BMO Capital Markets decreased their price objective on Apollo Global Management from $140.00 to $126.00 and set a "market perform" rating for the company in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Apollo Global Management in a research note on Thursday, May 7th. Piper Sandler dropped their price objective 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. Royal Bank Of Canada upped their price objective 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. Finally, Evercore reaffirmed an "outperform" rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $152.77.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $127.30 on Monday. Apollo Global Management has a 1-year low of $99.56 and a 1-year high of $153.29. The company has a current ratio of 1.70, a quick ratio of 1.73 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $73.39 billion, a PE ratio of 46.63, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51. The firm's 50 day simple moving average is $125.39 and its 200 day simple moving average is $122.62.

Apollo Global Management (NYSE:APO - Get Free Report) last issued 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). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the previous year, the company earned $1.92 EPS. As a group, analysts expect that Apollo Global Management will post 8.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total value of $6,355,825.04. Following the sale, the insider directly owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. The trade was a 1.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 8.30% of the company's stock.

Institutional Investors Weigh In On Apollo Global Management

A number of hedge funds have recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new position in Apollo Global Management in the fourth quarter valued at $29,000. MBM Wealth Consultants LLC acquired a new stake in shares of Apollo Global Management during the 1st quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. boosted its position in Apollo Global Management by 484.1% during the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider's stock worth $29,000 after purchasing an additional 213 shares in the last quarter. Osbon Capital Management LLC acquired a new position in shares of Apollo Global Management during the 4th quarter worth $36,000. Finally, Physician Wealth Advisors Inc. boosted its position in shares of Apollo Global Management by 57.8% in the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider's stock worth $38,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

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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