Apollo Global Management (NYSE:APO) Given New $129.00 Price Target at Deutsche Bank Aktiengesellschaft

Apollo Global Management (NYSE:APO) had its target price dropped by investment analysts at Deutsche Bank Aktiengesellschaft from $130.00 to $129.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 24.01% from the company’s current price.

Several other research firms have also weighed in on APO. StockNews.com upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. BMO Capital Markets lifted their price target on shares of Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Evercore ISI raised their target price on shares of Apollo Global Management from $128.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

Apollo Global Management Trading Down 10.3 %

Shares of APO traded down $11.95 on Friday, reaching $104.02. 6,110,642 shares of the company’s stock were exchanged, compared to its average volume of 2,438,526. The stock has a market capitalization of $59.10 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 1.03 and a beta of 1.59. Apollo Global Management has a 12 month low of $77.11 and a 12 month high of $126.45. The business has a 50 day moving average price of $118.57 and a two-hundred day moving average price of $112.41. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.21). The company had revenue of $839.00 million for the quarter, compared to analyst estimates of $827.33 million. Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. Research analysts anticipate that Apollo Global Management will post 7.09 earnings per share for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Apollo Global Management

A number of large investors have recently added to or reduced their stakes in APO. Norges Bank bought a new stake in shares of Apollo Global Management in the 4th quarter valued at about $586,016,000. Curated Wealth Partners LLC lifted its position in Apollo Global Management by 200.3% in the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock valued at $278,945,000 after purchasing an additional 4,717,661 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of Apollo Global Management by 4,248.9% during the fourth quarter. TD Asset Management Inc now owns 2,459,235 shares of the financial services provider’s stock valued at $229,176,000 after purchasing an additional 2,402,686 shares during the period. Capital Research Global Investors grew its holdings in shares of Apollo Global Management by 40.3% in the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock worth $532,852,000 after purchasing an additional 1,360,525 shares during the last quarter. Finally, Third Point LLC bought a new stake in Apollo Global Management during the 4th quarter valued at $83,871,000. Hedge funds and other institutional investors 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 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.