StockNews.com Upgrades Apollo Global Management (NYSE:APO) to “Hold”

Apollo Global Management (NYSE:APO) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Other equities analysts have also issued reports about the stock. Barclays decreased their price objective on shares of Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. JPMorgan Chase & Co. increased their target price on shares of Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Evercore ISI increased their target price on shares of Apollo Global Management from $120.00 to $128.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. JMP Securities reiterated a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Finally, Jefferies Financial Group reduced their target price on shares of Apollo Global Management from $119.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $115.62.

Apollo Global Management Stock Performance

Shares of APO stock opened at $118.10 on Thursday. The firm’s 50 day moving average price is $114.34 and its 200-day moving average price is $107.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 1.60. Apollo Global Management has a one year low of $73.77 and a one year high of $119.69. The firm has a market cap of $67.10 billion, a P/E ratio of 13.08, a P/E/G ratio of 0.98 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.21). Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. The company had revenue of $839.00 million during the quarter, compared to analyst estimates of $827.33 million. As a group, equities research analysts predict that Apollo Global Management will post 7.14 EPS for the current year.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total value of $3,338,700.00. Following the sale, the chief financial officer now directly owns 359,445 shares of the company’s stock, valued at approximately $40,002,634.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 8.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Quent Capital LLC grew its position in shares of Apollo Global Management by 2.9% in the 1st quarter. Quent Capital LLC now owns 7,946 shares of the financial services provider’s stock valued at $894,000 after buying an additional 225 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Apollo Global Management by 21.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 87,538 shares of the financial services provider’s stock worth $9,820,000 after purchasing an additional 15,526 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Apollo Global Management by 21.6% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 206,800 shares of the financial services provider’s stock worth $23,255,000 after purchasing an additional 36,800 shares during the last quarter. Cetera Advisors LLC grew its position in Apollo Global Management by 415.2% during the 1st quarter. Cetera Advisors LLC now owns 13,875 shares of the financial services provider’s stock worth $1,560,000 after purchasing an additional 11,182 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in Apollo Global Management by 404.4% during the 1st quarter. Cetera Investment Advisers now owns 49,561 shares of the financial services provider’s stock worth $5,573,000 after purchasing an additional 39,735 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.