Apollo Global Management (NYSE:APO) Price Target Lowered to $146.00 at TD Cowen

Apollo Global Management (NYSE:APO) had its price target lowered by investment analysts at TD Cowen from $155.00 to $146.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. TD Cowen’s price objective would indicate a potential upside of 8.62% from the company’s current price.

Several other brokerages also recently weighed in on APO. Morgan Stanley dropped their target price on Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Wall Street Zen downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. dropped their price target on Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 10th. BMO Capital Markets dropped their price target on Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 24th. Finally, UBS Group boosted their price target on Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $150.38.

Apollo Global Management Stock Down 0.7%

APO stock traded down $0.97 on Monday, hitting $134.41. 702,843 shares of the company’s stock were exchanged, compared to its average volume of 4,850,149. Apollo Global Management has a 12-month low of $99.56 and a 12-month high of $157.28. The firm has a 50 day moving average price of $116.51 and a two-hundred day moving average price of $127.74. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market cap of $77.49 billion, a P/E ratio of 85.62, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52.

Apollo Global Management (NYSE:APO) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.05. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the previous year, the business earned $1.82 EPS. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. As a group, equities research analysts expect that Apollo Global Management will post 8.36 EPS for the current fiscal year.

Institutional Trading of Apollo Global Management

A number of hedge funds have recently modified their holdings of APO. Atlantic Union Bankshares Corp grew its holdings in Apollo Global Management by 99.0% in the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in Apollo Global Management in the fourth quarter valued at approximately $29,000. Osbon Capital Management LLC acquired a new stake in Apollo Global Management in the fourth quarter valued at approximately $36,000. Steigerwald Gordon & Koch Inc. grew its holdings in Apollo Global Management by 484.1% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 213 shares during the period. Finally, MBM Wealth Consultants LLC acquired a new stake in Apollo Global Management in the first quarter valued at approximately $29,000. Hedge funds and other 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.