Apollo Global Management (NYSE:APO) PT Raised to $123.00 at JPMorgan Chase & Co.

Apollo Global Management (NYSE:APO) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from $122.00 to $123.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 9.94% from the stock’s current price.

A number of other analysts have also issued reports on the stock. Barclays raised their target price on shares of Apollo Global Management from $122.00 to $133.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Wells Fargo & Company lifted their price target on shares of Apollo Global Management from $110.00 to $118.00 and gave the company an “overweight” rating in a report on Friday, February 9th. TD Cowen assumed coverage on shares of Apollo Global Management in a report on Thursday, January 4th. They issued an “outperform” rating and a $115.00 price target on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Finally, Morgan Stanley lifted their price target on shares of Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and an average price target of $113.33.

Apollo Global Management Stock Down 0.7 %

Shares of NYSE APO opened at $111.88 on Wednesday. Apollo Global Management has a 1 year low of $57.50 and a 1 year high of $117.15. The firm’s 50 day moving average price is $111.24 and its 200 day moving average price is $99.07. The firm has a market cap of $63.57 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 0.95 and a beta of 1.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. The firm had revenue of $795.00 million for the quarter, compared to analyst estimates of $823.27 million. As a group, sell-side analysts anticipate that Apollo Global Management will post 7.44 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Whitney Chatterjee sold 12,000 shares of Apollo Global Management stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $111.10, for a total transaction of $1,333,200.00. Following the sale, the insider now owns 123,901 shares of the company’s stock, valued at approximately $13,765,401.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Martin Kelly sold 14,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the completion of the sale, the chief financial officer now owns 366,572 shares of the company’s stock, valued at approximately $39,989,339.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Whitney Chatterjee sold 12,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total transaction of $1,333,200.00. Following the completion of the sale, the insider now directly owns 123,901 shares of the company’s stock, valued at approximately $13,765,401.10. The disclosure for this sale can be found here. Insiders have sold 1,426,000 shares of company stock valued at $158,226,960 in the last quarter. Company insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strategic Blueprint LLC increased its position in shares of Apollo Global Management by 42.4% in the 4th quarter. Strategic Blueprint LLC now owns 46,585 shares of the financial services provider’s stock worth $4,341,000 after purchasing an additional 13,870 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Apollo Global Management by 129.8% in the 4th quarter. Nordea Investment Management AB now owns 658,008 shares of the financial services provider’s stock valued at $61,497,000 after buying an additional 371,721 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Apollo Global Management by 39.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 185,206 shares of the financial services provider’s stock valued at $17,259,000 after buying an additional 52,063 shares during the period. Raymond James & Associates boosted its holdings in shares of Apollo Global Management by 3.5% in the 4th quarter. Raymond James & Associates now owns 1,073,419 shares of the financial services provider’s stock valued at $100,032,000 after buying an additional 36,748 shares during the period. Finally, Pathstone Family Office LLC boosted its holdings in shares of Apollo Global Management by 28.6% in the 3rd quarter. Pathstone Family Office LLC now owns 26,993 shares of the financial services provider’s stock valued at $2,423,000 after buying an additional 6,000 shares during the period. Institutional investors own 77.06% of the company’s stock.

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.