Apollo Global Management (NYSE:APO) Stock Price Target Lowered at Keefe, Bruyette & Woods

Apollo Global Management (NYSE:APO) had its target price dropped by equities research analysts at Keefe, Bruyette & Woods from $135.00 to $130.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods‘s price target would suggest a potential upside of 14.28% from the company’s current price.

Several other analysts have also recently weighed in on APO. Barclays boosted their price objective on Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised their target price on shares of Apollo Global Management from $150.00 to $154.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. HSBC initiated coverage on shares of Apollo Global Management in a research report on Monday, July 20th. They set a “buy” rating and a $145.00 price target for the company. Wells Fargo & Company initiated coverage on shares of Apollo Global Management in a research note on Friday, October 2nd. They set an “equal weight” rating and a $127.00 price target for the company. Finally, Morgan Stanley reduced their price objective on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.25.

Apollo Global Management Trading Down 4.8%

Shares of APO opened at $113.76 on Wednesday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. Apollo Global Management has a 12-month low of $99.56 and a 12-month high of $153.29. The firm has a market capitalization of $67.18 billion, a PE ratio of 41.67, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51. The stock’s fifty day simple moving average is $121.66 and its 200-day simple moving average is $123.30.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same quarter in the prior year, the business earned $1.92 EPS. As a group, research analysts predict that Apollo Global Management will post 7.96 earnings per share for the current year.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the transaction, the chief financial officer owned 396,533 shares in the company, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.30% of the company’s stock.

Institutional Trading of Apollo Global Management

A number of hedge funds have recently modified their holdings of APO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Apollo Global Management by 4.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock valued at $669,372,000 after purchasing an additional 234,517 shares in the last quarter. Legal & General Group Plc acquired a new stake in Apollo Global Management in the second quarter worth $459,987,000. Bank of New York Mellon Corp boosted its position in shares of Apollo Global Management by 7.0% during the first quarter. Bank of New York Mellon Corp now owns 2,901,110 shares of the financial services provider’s stock worth $323,242,000 after purchasing an additional 188,668 shares in the last quarter. Temasek Holdings Private Ltd boosted its position in shares of Apollo Global Management by 214.4% during the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after purchasing an additional 1,614,813 shares in the last quarter. Finally, Curated Wealth Partners LLC boosted its position in shares of Apollo Global Management by 91.8% during the third quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock worth $255,887,000 after purchasing an additional 1,055,818 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management News Summary

Here are the key news stories impacting Apollo Global Management this week:

• Positive Sentiment: Apollo’s originations reached a record $114 billion, while assets under management climbed to $1.07 trillion amid demand for alternative investments. The company also highlighted lending opportunities tied to AI infrastructure, while saying it would take a defensive approach to that financing. Apollo’s originations rise to a record $114 billion
• Positive Sentiment: Apollo launched a European private-credit platform with more than €10 billion in lending capacity, supporting its plans to expand credit origination and grow credit assets. Apollo launches European lending platform
• Neutral Sentiment: Plans to spend $350 million on software for private-credit trading in Austin may strengthen Apollo’s technology and trading capabilities, though the investment also represents a significant expense. Apollo software investment
• Neutral Sentiment: Apollo declared a quarterly dividend of $0.5625 per share, equivalent to $2.25 annualized and a yield of about 2%. The payout provides income but was not a major change to the investment outlook.
• Negative Sentiment: Third-quarter earnings missed consensus estimates, and Apollo reported a $1.06 billion net loss attributable to common stockholders, compared with net income a year earlier. The loss was linked to investment-related items; coverage also pointed to higher year-over-year expenses. Fee-related earnings beat expectations, but did not erase concerns about the overall results. Apollo reports investment-related loss

About Apollo Global Management

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.