Apollo Global Management (NYSE:APO) Given New $156.00 Price Target at Piper Sandler

Apollo Global Management (NYSE:APO) had its target price lowered by stock analysts at Piper Sandler from $157.00 to $156.00 in a report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price objective would suggest a potential upside of 29.50% from the company’s current price.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group reduced their price target on Apollo Global Management from $169.00 to $134.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Barclays upped their target price on Apollo Global Management from $131.00 to $132.00 and gave the company an “overweight” rating in a research note on Thursday. Evercore reiterated an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. BMO Capital Markets decreased 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 lifted their price target on Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $149.42.

Apollo Global Management Stock Up 0.1%

APO opened at $120.46 on Monday. The business’s fifty day simple moving average is $128.43 and its 200 day simple moving average is $125.86. Apollo Global Management has a 52 week low of $99.56 and a 52 week high of $157.28. The firm has a market cap of $69.45 billion, a P/E ratio of 76.73, a PEG ratio of 1.08 and a beta of 1.50. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.45.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the previous year, the firm posted $1.82 earnings per share. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Apollo Global Management will post 8.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the transaction, the insider owned 3,063,696 shares in the company, valued at $400,302,519.36. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 8.30% of the company’s stock.

Institutional Trading of Apollo Global Management

Hedge funds have recently made changes to their positions in the company. Schnieders Capital Management LLC. acquired a new position in shares of Apollo Global Management during the second quarter worth $7,954,000. Baird Financial Group Inc. increased its stake in Apollo Global Management by 117.5% during the 2nd quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock worth $2,287,000 after buying an additional 8,709 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Apollo Global Management by 4.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock worth $949,000 after buying an additional 305 shares in the last quarter. Nebula Research & Development LLC acquired a new position in Apollo Global Management in the 2nd quarter worth $722,000. Finally, Northern Right Capital Management L.P. grew its stake in shares of Apollo Global Management by 1.5% during the second quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock valued at $24,542,000 after acquiring an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Company Profile

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.