Apollo Global Management (NYSE:APO) PT Raised to $51.00 at Barclays

Apollo Global Management (NYSE:APO) had its price target increased by Barclays from $44.00 to $51.00 in a report issued on Wednesday, The Fly reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 6.52% from the stock’s current price.

APO has been the topic of a number of other reports. Oppenheimer restated a “hold” rating on shares of Apollo Global Management in a research report on Monday, May 4th. BMO Capital Markets lowered shares of Apollo Global Management from an “outperform” rating to a “market perform” rating and set a $43.00 target price on the stock. in a research report on Thursday, May 14th. They noted that the move was a valuation call. Wells Fargo & Co upped their target price on shares of Apollo Global Management from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Bank of America reiterated a “neutral” rating and set a $43.00 target price (up from $38.00) on shares of Apollo Global Management in a research report on Monday, May 4th. Finally, Goldman Sachs Group lowered shares of Apollo Global Management from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $53.94.

NYSE:APO opened at $47.88 on Wednesday. The firm has a market cap of $10.96 billion, a PE ratio of -33.96, a price-to-earnings-growth ratio of 1.50 and a beta of 1.64. Apollo Global Management has a 12 month low of $19.46 and a 12 month high of $55.38. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.97. The company’s 50-day moving average price is $48.15 and its two-hundred day moving average price is $43.88.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Friday, May 1st. The financial services provider reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.11). The firm had revenue of $433.57 million during the quarter, compared to analyst estimates of $412.13 million. Apollo Global Management had a net margin of 31.68% and a return on equity of 40.34%. During the same quarter last year, the firm earned $0.67 earnings per share. On average, research analysts expect that Apollo Global Management will post 1.87 EPS for the current fiscal year.

In other Apollo Global Management news, Director Marc J. Rowan sold 85,679 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $40.21, for a total value of $3,445,152.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marc J. Rowan sold 9,675 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $40.06, for a total transaction of $387,580.50. The disclosure for this sale can be found here. Insiders sold 1,620,880 shares of company stock valued at $69,554,073 in the last ninety days. Insiders own 46.90% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Coastal Bridge Advisors LLC increased its stake in Apollo Global Management by 0.9% in the first quarter. Coastal Bridge Advisors LLC now owns 59,721 shares of the financial services provider’s stock valued at $2,001,000 after purchasing an additional 532 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Apollo Global Management by 32.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,212 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 539 shares in the last quarter. YorkBridge Wealth Partners LLC increased its position in shares of Apollo Global Management by 10.6% during the first quarter. YorkBridge Wealth Partners LLC now owns 7,197 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 692 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Apollo Global Management by 2.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 44,898 shares of the financial services provider’s stock worth $1,504,000 after acquiring an additional 908 shares in the last quarter. Finally, CWM LLC bought a new stake in shares of Apollo Global Management during the first quarter worth $32,000. 70.28% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Company Profile

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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