Apollo Global Management Inc. (NYSE:APO) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Apollo Global Management Inc. (NYSE:APO) have been given an average rating of “Moderate Buy” by the fifteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $165.6154.

Several equities analysts recently commented on APO shares. Citigroup dropped their target price on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Morgan Stanley raised Apollo Global Management from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $151.00 to $180.00 in a research report on Thursday, November 20th. BMO Capital Markets set a $136.00 price objective on Apollo Global Management and gave the company a “market perform” rating in a report on Tuesday, November 25th. Keefe, Bruyette & Woods raised their target price on Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Finally, Wall Street Zen raised Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th.

Apollo Global Management Trading Up 4.5%

Shares of NYSE:APO opened at $132.61 on Thursday. Apollo Global Management has a 52 week low of $102.58 and a 52 week high of $168.25. The company’s 50 day moving average is $141.63 and its two-hundred day moving average is $136.86. The company has a market cap of $76.97 billion, a PE ratio of 19.39, a P/E/G ratio of 1.14 and a beta of 1.57. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction on Monday, December 1st. The shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the sale, the chief financial officer directly owned 325,604 shares in the company, valued at $42,787,621.64. This trade represents a 1.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.20% of the stock is owned by corporate insiders.

Institutional Trading of Apollo Global Management

A number of large investors have recently made changes to their positions in APO. Oregon Public Employees Retirement Fund increased its position in Apollo Global Management by 1.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,186 shares of the financial services provider’s stock worth $7,699,000 after buying an additional 550 shares during the period. Schwartz Investment Counsel Inc. boosted its holdings in shares of Apollo Global Management by 16.6% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 31,445 shares of the financial services provider’s stock valued at $4,552,000 after acquiring an additional 4,481 shares during the period. AG2R LA Mondiale Gestion D Actifs grew its position in shares of Apollo Global Management by 14.8% during the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 17,656 shares of the financial services provider’s stock worth $2,556,000 after acquiring an additional 2,281 shares during the last quarter. Swiss Life Asset Management Ltd increased its holdings in shares of Apollo Global Management by 2.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 49,195 shares of the financial services provider’s stock valued at $7,121,000 after acquiring an additional 994 shares during the period. Finally, Kepler Cheuvreux Suisse SA acquired a new position in shares of Apollo Global Management in the 4th quarter valued at $1,011,000. 77.06% of the stock is owned by institutional investors and hedge funds.

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.