JPMorgan Chase & Co. Increases Apollo Global Management (NYSE:APO) Price Target to $143.00

Apollo Global Management (NYSE:APO) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from $129.00 to $143.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 8.89% from the company’s current price.

Several other research analysts have also commented on APO. Argus dropped their price target on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. UBS Group increased their price target on Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Keefe, Bruyette & Woods raised their target price 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. StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Apollo Global Management from $132.00 to $148.00 and gave the company an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.78.

Apollo Global Management Trading Down 1.0 %

APO stock opened at $131.32 on Wednesday. Apollo Global Management has a 1-year low of $77.11 and a 1-year high of $135.29. The business has a 50 day simple moving average of $114.37 and a two-hundred day simple moving average of $114.66. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $74.61 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 1.30 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.03). The firm had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. During the same quarter in the prior year, the business earned $1.54 EPS. Research analysts anticipate that Apollo Global Management will post 6.62 EPS for the current fiscal year.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards bought 2,351 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were acquired at an average cost of $104.92 per share, with a total value of $246,666.92. Following the purchase, the director now directly owns 85,854 shares of the company’s stock, valued at approximately $9,007,801.68. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 8.50% of the stock is currently owned by insiders.

Institutional Trading of Apollo Global Management

Several institutional investors and hedge funds have recently bought and sold shares of APO. Curated Wealth Partners LLC increased its position in shares of Apollo Global Management by 200.3% during 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 acquiring an additional 4,717,661 shares during the last quarter. Capital Research Global Investors increased its holdings in Apollo Global Management by 40.3% in the 1st quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after purchasing an additional 1,360,525 shares during the last quarter. Third Point LLC purchased a new stake in Apollo Global Management in the fourth quarter valued at approximately $83,871,000. Vanguard Group Inc. lifted its stake in Apollo Global Management by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 41,038,114 shares of the financial services provider’s stock worth $3,824,342,000 after purchasing an additional 750,781 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Apollo Global Management by 199.8% during the first quarter. Jennison Associates LLC now owns 925,222 shares of the financial services provider’s stock worth $104,041,000 after buying an additional 616,575 shares during the period. 77.06% of the stock is currently 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, 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.