Apollo Global Management (NYSE:APO) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Apollo Global Management (NYSE:APO) had its price objective increased by Keefe, Bruyette & Woods from $159.00 to $168.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 5.08% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $124.00 to $123.00 in a research report on Tuesday, August 6th. Argus reduced their price objective on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Wolfe Research began coverage on Apollo Global Management in a report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price target for the company. Morgan Stanley lifted their target price on Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $150.83.

Apollo Global Management Stock Performance

NYSE APO opened at $159.88 on Wednesday. The firm has a market capitalization of $91.06 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 1.53 and a beta of 1.59. The firm’s fifty day moving average price is $131.14 and its two-hundred day moving average price is $120.34. Apollo Global Management has a 1 year low of $83.88 and a 1 year high of $166.72. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

Institutional Investors Weigh In On Apollo Global Management

Several institutional investors have recently bought and sold shares of APO. Capital Research Global Investors raised its holdings in shares of Apollo Global Management by 40.3% in the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after purchasing an additional 1,360,525 shares during the last quarter. Legal & General Group Plc grew its stake in Apollo Global Management by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock valued at $517,527,000 after purchasing an additional 126,859 shares during the period. TD Asset Management Inc increased its holdings in Apollo Global Management by 3.8% during the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock worth $318,522,000 after buying an additional 97,797 shares during the last quarter. Curated Wealth Partners LLC grew its position in shares of Apollo Global Management by 200.3% during the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock valued at $278,945,000 after acquiring an additional 4,717,661 shares during the period. Finally, William Blair Investment Management LLC grew its position in shares of Apollo Global Management by 8.4% during the 1st quarter. William Blair Investment Management LLC now owns 1,904,212 shares of the financial services provider’s stock valued at $214,129,000 after acquiring an additional 147,710 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, 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.