Barclays Issues Pessimistic Forecast for Apollo Global Management (NYSE:APO) Stock Price

Key Points

• Barclays cut its price target on Apollo from $158 to $131 but kept an "overweight" rating, which Barclays says still implies roughly a 25% upside from the recent close.
• Most analysts remain more bullish: MarketBeat shows a consensus rating of "Moderate Buy" with an average target of $159.47, and the majority of published ratings are Buy or Strong Buy.
• Institutional ownership is high (about 77.1%) and several large managers materially increased positions, while Apollo recently posted an earnings beat ($2.47 vs. $2.04 est.) and the stock trades around $104.47.

Apollo Global Management (NYSE:APO - Get Free Report) had its price objective reduced by equities researchers at Barclays from $158.00 to $131.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Barclays's target price would indicate a potential upside of 25.40% from the stock's previous close.

Several other equities research analysts also recently commented on the stock. Evercore upped their target price on shares of Apollo Global Management from $145.00 to $155.00 and gave the company an "outperform" rating in a research note on Wednesday, November 5th. The Goldman Sachs Group reissued a "buy" rating and issued a $165.00 price target on shares of Apollo Global Management in a report on Monday, February 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Apollo Global Management in a research note on Tuesday, February 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of Apollo Global Management in a report on Monday, December 29th. Finally, Wall Street Zen raised Apollo Global Management from a "sell" rating to a "hold" rating in a research note on Saturday, November 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $159.47.

Apollo Global Management Stock Down 0.1%

Shares of NYSE:APO opened at $104.47 on Monday. Apollo Global Management has a 12 month low of $101.56 and a 12 month high of $157.28. The firm has a market cap of $60.63 billion, a P/E ratio of 18.99, a P/E/G ratio of 0.84 and a beta of 1.61. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.33. The company's 50-day moving average price is $135.30 and its two-hundred day moving average price is $134.00.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. Apollo Global Management's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the business earned $2.39 EPS. As a group, research analysts forecast that Apollo Global Management will post 8 EPS for the current fiscal year.

Institutional Investors Weigh In On Apollo Global Management

Institutional investors and hedge funds have recently made changes to their positions in the stock. Boston Partners grew its holdings in Apollo Global Management by 106.7% in the 4th quarter. Boston Partners now owns 3,278,862 shares of the financial services provider's stock valued at $474,384,000 after buying an additional 1,692,532 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Apollo Global Management by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 47,419,652 shares of the financial services provider's stock worth $6,319,617,000 after purchasing an additional 1,377,545 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Apollo Global Management by 2,560.3% during the fourth quarter. Focus Partners Wealth now owns 1,404,576 shares of the financial services provider's stock worth $203,324,000 after purchasing an additional 1,351,778 shares during the period. Corient Private Wealth LLC raised its holdings in Apollo Global Management by 271.8% in the 4th quarter. Corient Private Wealth LLC now owns 1,024,143 shares of the financial services provider's stock valued at $148,255,000 after acquiring an additional 748,697 shares in the last quarter. Finally, Temasek Holdings Private Ltd raised its stake in Apollo Global Management by 879.2% in the fourth quarter. Temasek Holdings Private Ltd now owns 753,349 shares of the financial services provider's stock valued at $109,055,000 after purchasing an additional 676,411 shares in the last quarter. 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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