Credit Suisse Group reaffirmed their outperform rating on shares of Apollo Global Management (NYSE:APO) in a research note published on Tuesday morning, LiveTradingNews reports. The brokerage currently has a $54.00 target price on the financial services provider’s stock, up from their previous target price of $45.00.
Other equities analysts have also issued research reports about the company. Oppenheimer set a $47.00 price objective on Apollo Global Management and gave the stock a buy rating in a research note on Friday, November 1st. Barclays reaffirmed a buy rating and issued a $44.00 price objective on shares of Apollo Global Management in a research note on Sunday, October 13th. BMO Capital Markets started coverage on Apollo Global Management in a research note on Monday, October 7th. They issued an outperform rating and a $52.00 price objective for the company. UBS Group increased their price target on Apollo Global Management from $45.00 to $46.00 and gave the company a buy rating in a research note on Monday. Finally, Wells Fargo & Co increased their price target on Apollo Global Management from $42.00 to $48.00 and gave the company an outperform rating in a research note on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $45.25.
Shares of NYSE APO traded down $0.30 during mid-day trading on Tuesday, reaching $42.27. The company’s stock had a trading volume of 2,226,348 shares, compared to its average volume of 1,571,708. The firm has a market capitalization of $8.78 billion, a PE ratio of -201.29, a P/E/G ratio of 1.33 and a beta of 1.51. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a fifty day moving average of $40.04 and a two-hundred day moving average of $35.71. Apollo Global Management has a 52 week low of $22.63 and a 52 week high of $44.18.
In related news, CFO Martin Kelly sold 4,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $39.96, for a total transaction of $159,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 46.90% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in APO. Arlington Partners LLC purchased a new stake in Apollo Global Management during the second quarter valued at approximately $34,000. Heritage Wealth Advisors raised its position in Apollo Global Management by 100.0% during the third quarter. Heritage Wealth Advisors now owns 1,000 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 500 shares during the period. NEXT Financial Group Inc purchased a new stake in Apollo Global Management during the second quarter valued at approximately $54,000. Boston Partners purchased a new stake in Apollo Global Management during the second quarter valued at approximately $125,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Apollo Global Management during the third quarter valued at approximately $163,000. 72.93% of the stock is owned by institutional investors.
About Apollo Global Management
Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.
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