Evercore ISI Forecasts Strong Price Appreciation for Apollo Global Management (NYSE:APO) Stock

Apollo Global Management (NYSE:APO - Get Free Report) had its price objective upped by Evercore ISI from $150.00 to $155.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the financial services provider's stock. Evercore ISI's target price points to a potential upside of 4.37% from the stock's previous close.

Several other equities analysts have also commented on the company. Piper Sandler lowered their target price on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Citigroup lowered their target price on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Cowen restated a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. Wells Fargo & Company upped their target price on Apollo Global Management from $158.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. Finally, Barclays upped their target price on Apollo Global Management from $145.00 to $156.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.00.

Apollo Global Management Stock Up 1.3%

Apollo Global Management stock traded up $1.86 during midday trading on Thursday, hitting $148.51. The stock had a trading volume of 235,682 shares, compared to its average volume of 3,925,240. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.34. The stock has a market cap of $84.87 billion, a P/E ratio of 25.99, a P/E/G ratio of 1.50 and a beta of 1.59. Apollo Global Management has a 12 month low of $95.11 and a 12 month high of $189.49. The business has a fifty day moving average price of $136.58 and a 200 day moving average price of $144.41.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its earnings results on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.02). The company had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $977.14 million. Apollo Global Management had a net margin of 14.59% and a return on equity of 13.45%. The firm's revenue for the quarter was down 21.2% compared to the same quarter last year. During the same period last year, the company posted $1.72 earnings per share. Research analysts predict that Apollo Global Management will post 8 EPS for the current year.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 4,000 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total value of $530,280.00. Following the transaction, the chief financial officer directly owned 373,164 shares of the company's stock, valued at approximately $49,470,351.48. This represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.20% of the company's stock.

Hedge Funds Weigh In On Apollo Global Management

Hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its stake in shares of Apollo Global Management by 245.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider's stock worth $438,196,000 after acquiring an additional 1,886,146 shares during the last quarter. Blue Whale Capital LLP acquired a new position in shares of Apollo Global Management in the fourth quarter worth $47,400,000. Principal Financial Group Inc. increased its stake in shares of Apollo Global Management by 1.4% in the first quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider's stock worth $75,347,000 after acquiring an additional 7,441 shares during the last quarter. Clearview Wealth Advisors LLC increased its stake in shares of 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 worth $2,952,000 after acquiring an additional 17,418 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Apollo Global Management by 209.0% in the fourth quarter. Toronto Dominion Bank now owns 162,659 shares of the financial services provider's stock worth $26,864,000 after acquiring an additional 110,014 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

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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