Apollo Global Management (NYSE:APO) Lowered to “Sell” Rating by StockNews.com

Apollo Global Management (NYSE:APO) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

A number of other analysts have also recently weighed in on APO. Citigroup increased their target price on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Bank of America upgraded Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their target price for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. Morgan Stanley upped their target price on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Argus cut their price target on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. upped their price objective on Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $155.05.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $168.28 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $95.22 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 1.69 and a beta of 1.59. Apollo Global Management has a twelve month low of $86.21 and a twelve month high of $169.15. The business has a 50 day simple moving average of $139.82 and a 200-day simple moving average of $123.50.

Institutional Investors Weigh In On Apollo Global Management

A number of institutional investors have recently added to or reduced their stakes in APO. Curated Wealth Partners LLC raised its stake in shares of Apollo Global Management by 200.3% in the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after buying an additional 4,717,661 shares in the last quarter. Capital Research Global Investors grew its holdings in Apollo Global Management by 40.3% during 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 acquiring an additional 1,360,525 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in Apollo Global Management in the second quarter worth about $62,972,000. 1832 Asset Management L.P. lifted its holdings in Apollo Global Management by 66.0% in the 1st quarter. 1832 Asset Management L.P. now owns 1,257,460 shares of the financial services provider’s stock valued at $141,401,000 after acquiring an additional 499,930 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Apollo Global Management by 74.5% during the 2nd quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider’s stock valued at $112,836,000 after purchasing an additional 408,105 shares in the last quarter. 77.06% of the stock is currently 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.