Barclays Forecasts Strong Price Appreciation for Apollo Global Management (NYSE:APO) Stock

Apollo Global Management (NYSE:APO) had its target price lifted by Barclays from $159.00 to $172.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price would suggest a potential upside of 16.17% from the stock’s current price.

APO has been the topic of a number of other research reports. Morgan Stanley upgraded Apollo Global Management from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $151.00 to $180.00 in a report on Thursday, November 20th. Evercore ISI upped their price objective on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research note on Monday, December 8th. Keefe, Bruyette & Woods boosted their target price on shares of Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Finally, Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $166.23.

Apollo Global Management Stock Performance

Shares of APO opened at $148.06 on Friday. Apollo Global Management has a 12-month low of $102.58 and a 12-month high of $179.42. The stock has a market cap of $85.94 billion, a P/E ratio of 21.65, a PEG ratio of 1.46 and a beta of 1.61. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average of $129.64 and a two-hundred day moving average of $135.95.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the transaction, the chief financial officer owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This represents a 1.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC acquired a new stake in Apollo Global Management during the second quarter worth about $25,000. Atlantic Union Bankshares Corp grew its holdings in shares of Apollo Global Management by 99.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 99 shares during the period. Activest Wealth Management increased its position in Apollo Global Management by 875.0% during the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 175 shares in the last quarter. Sound Income Strategies LLC purchased a new position in Apollo Global Management in the third quarter valued at approximately $28,000. Finally, SJS Investment Consulting Inc. raised its holdings in Apollo Global Management by 1,123.5% in the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after buying an additional 191 shares during the period. Institutional investors and hedge funds 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.