Apollo Global Management (NYSE:APO) Upgraded at BMO Capital Markets

Key Points

• Apollo Global Management was recently upgraded to a "hold" rating by BMO Capital Markets, while other analysts have mixed ratings ranging from "buy" to "sell."
• The company reported $1.92 earnings per share for the last quarter, surpassing expectations of $1.84, with a revenue of $6.55 billion.
• Insider trading activity includes significant stock sales by CFO Martin Kelly and insider Leon D. Black, with a total of 935,000 shares sold over the last three months.

Apollo Global Management (NYSE:APO - Get Free Report) was upgraded by equities research analysts at BMO Capital Markets to a "hold" rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also weighed in on APO. Evercore ISI boosted their price objective on Apollo Global Management from $155.00 to $160.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Wall Street Zen cut Apollo Global Management from a "hold" rating to a "sell" rating in a report on Friday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Apollo Global Management in a research note on Saturday, September 27th. Wells Fargo & Company raised their price objective on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, Barclays boosted their target price on shares of Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $164.07.

Apollo Global Management Price Performance

APO stock opened at $125.81 on Thursday. The stock has a market cap of $71.97 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 1.37 and a beta of 1.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The company has a 50 day simple moving average of $138.35 and a 200 day simple moving average of $137.03. Apollo Global Management has a 1 year low of $102.58 and a 1 year high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last posted 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 analysts' expectations 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 quarter in the previous year, the firm posted $1.64 earnings per share. Research analysts anticipate that Apollo Global Management will post 8 EPS for the current fiscal year.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the transaction, the chief financial officer directly owned 332,399 shares of the company's stock, valued at approximately $48,234,418.89. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Leon D. Black sold 915,000 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $134.03, for a total value of $122,637,450.00. Following the sale, the insider directly owned 4,526,000 shares of the company's stock, valued at $606,619,780. This represents a 16.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 935,000 shares of company stock worth $125,543,790 over the last three months. 8.20% of the stock is owned by company insiders.

Institutional Trading of Apollo Global Management

Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in shares of Apollo Global Management by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider's stock valued at $75,347,000 after buying an additional 7,441 shares during the period. Clearview Wealth Advisors LLC grew its stake in Apollo Global Management by 420.7% in the first quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider's stock valued at $2,952,000 after acquiring an additional 17,418 shares during the period. Sowell Financial Services LLC bought a new stake in shares of Apollo Global Management during the first quarter valued at approximately $871,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Apollo Global Management during the first quarter worth approximately $492,000. Finally, True North Advisors LLC bought a new position in shares of Apollo Global Management in the 1st quarter worth $2,097,000. Institutional investors and hedge funds 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.

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