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

Key Points

• Apollo Global Management's stock received a "hold (c)" rating from Weiss Ratings, with an average target price of $162.57.
• The company's stock is currently trading at $124.74, after a decline of $1.31 during midday trading.
• Insiders have sold a total of 935,000 shares of Apollo Global Management stock worth approximately $125.5 million in the last ninety days.

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

A number of other equities research analysts have also issued reports on APO. Evercore ISI raised their price target on Apollo Global Management from $155.00 to $160.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Wells Fargo & Company boosted their price objective on Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Piper Sandler restated an "overweight" rating on shares of Apollo Global Management in a report on Tuesday. Citigroup boosted their price objective on Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Finally, BMO Capital Markets began coverage on Apollo Global Management in a report on Friday, October 3rd. They set a "market perform" rating and a $132.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Apollo Global Management has an average rating of "Moderate Buy" and an average target price of $162.57.

Apollo Global Management Stock Performance

APO traded down $1.31 during midday trading on Wednesday, reaching $124.74. The company had a trading volume of 4,041,453 shares, compared to its average volume of 3,591,812. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average of $137.46 and a two-hundred day moving average of $136.74. The company has a market cap of $71.36 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.36 and a beta of 1.68. 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 released its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.08. The firm had revenue of $6,550,000 billion during 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 quarter last year, the business posted $1.64 earnings per share. As a group, equities research analysts predict that Apollo Global Management will post 8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of Apollo Global Management stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total transaction of $657,135.00. Following the completion of the sale, the insider owned 83,192 shares of the company's stock, valued at approximately $12,148,527.76. The trade was a 5.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction dated 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 approximately $606,619,780. This represents a 16.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 935,000 shares of company stock worth $125,543,790 in the last ninety days. 8.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Apollo Global Management

A number of large investors have recently bought and sold shares of APO. Delos Wealth Advisors LLC acquired a new position in Apollo Global Management in the 2nd quarter worth about $25,000. GW&K Investment Management LLC grew its position in shares of Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 87 shares in the last quarter. Activest Wealth Management grew its position in Apollo Global Management by 875.0% in the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider's stock worth $28,000 after acquiring an additional 175 shares during the period. Rosenberg Matthew Hamilton grew its position in Apollo Global Management by 6,900.0% in the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider's stock worth $30,000 after acquiring an additional 207 shares during the period. Finally, Nemes Rush Group LLC purchased a new position in Apollo Global Management in the second quarter worth approximately $30,000. 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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