Apollo Global Management's (APO) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Apollo Global Management has had its "hold (C)" rating reaffirmed by Weiss Ratings, reflecting a cautious outlook from analysts.
• Multiple investment firms have adjusted their price targets for Apollo's stock, with estimates ranging from $132.00 to $173.00.
• Insider sales indicate significant activity, with notable transactions from CFO Martin Kelly and insider Leon D. Black reducing their holdings in the company.

Apollo Global Management (NYSE:APO - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

A number of other equities analysts have also recently weighed in on APO. Morgan Stanley decreased their price objective on Apollo Global Management from $154.00 to $151.00 and set an "equal weight" rating on the stock in a report on Tuesday. Barclays decreased their price target on Apollo Global Management from $168.00 to $147.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 8th. BMO Capital Markets began coverage on Apollo Global Management in a research note on Friday, October 3rd. They set a "market perform" rating and a $132.00 target price on the stock. Wells Fargo & Company lifted their price target on Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Finally, Citigroup dropped their price target on Apollo Global Management from $170.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Apollo Global Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.57.

Apollo Global Management Price Performance

Shares of NYSE:APO traded up $2.01 on Friday, hitting $125.06. The company's stock had a trading volume of 2,452,032 shares, compared to its average volume of 3,605,510. The company has a 50-day simple moving average of $132.91 and a 200 day simple moving average of $135.85. Apollo Global Management has a 1 year low of $102.58 and a 1 year high of $189.49. The company has a market capitalization of $71.54 billion, a PE ratio of 23.38, a PEG ratio of 1.45 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.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.08. The company had revenue of $6,550,000 billion for the quarter, compared to analysts' expectations of $1.01 billion. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.During the same period last year, the firm posted $1.64 EPS. Sell-side analysts forecast that Apollo Global Management will post 8 EPS for the current fiscal year.

Insider Activity

In other news, CFO Martin Kelly sold 15,500 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the transaction, the chief financial officer directly owned 332,399 shares of the company's stock, valued at $48,234,418.89. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Leon D. Black sold 915,000 shares of the company's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the transaction, the insider directly owned 4,526,000 shares in the company, valued at approximately $606,619,780. The trade was a 16.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 935,000 shares of company stock valued at $125,543,790 over the last ninety days. 8.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its position in Apollo Global Management by 1.4% during the first quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider's stock valued at $75,347,000 after acquiring an additional 7,441 shares during the last quarter. True North Advisors LLC purchased a new stake in Apollo Global Management during the first quarter valued at $2,097,000. Pinnacle Financial Partners Inc increased its position in Apollo Global Management by 4.9% during the first quarter. Pinnacle Financial Partners Inc now owns 92,624 shares of the financial services provider's stock valued at $12,684,000 after acquiring an additional 4,341 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its position in Apollo Global Management by 25.3% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 11,749 shares of the financial services provider's stock valued at $1,609,000 after acquiring an additional 2,375 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Apollo Global Management by 24.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider's stock valued at $490,482,000 after acquiring an additional 706,181 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Company Profile

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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