BMO Capital Markets Has Lowered Expectations for Apollo Global Management (NYSE:APO) Stock Price

Apollo Global Management (NYSE:APOGet Free Report) had its price target reduced by equities research analysts at BMO Capital Markets from $135.00 to $116.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 5.65% from the company’s current price.

A number of other brokerages have also recently weighed in on APO. Piper Sandler reiterated an “overweight” rating and set a $165.00 price target on shares of Apollo Global Management in a research note on Tuesday, February 10th. JPMorgan Chase & Co. reduced their target price on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Apollo Global Management in a research note on Monday, December 29th. UBS Group lowered their price target on Apollo Global Management from $182.00 to $152.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, Wolfe Research restated an “outperform” rating on shares of Apollo Global Management in a research report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.13.

Check Out Our Latest Research Report on Apollo Global Management

Apollo Global Management Price Performance

Shares of NYSE APO opened at $109.80 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.33. Apollo Global Management has a twelve month low of $99.56 and a twelve month high of $157.28. The stock has a 50 day moving average of $121.45 and a two-hundred day moving average of $130.54. The stock has a market cap of $63.49 billion, a P/E ratio of 19.89, a P/E/G ratio of 0.90 and a beta of 1.60.

Apollo Global Management (NYSE:APOGet Free Report) last announced its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.43. The business had revenue of $9.86 billion for the quarter, compared to analyst estimates of $1.19 billion. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the firm posted $2.39 earnings per share. On average, research analysts forecast that Apollo Global Management will post 8 earnings per share for the current year.

Institutional Trading of Apollo Global Management

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Delos Wealth Advisors LLC purchased a new position in Apollo Global Management during the second quarter worth about $25,000. Atlantic Union Bankshares Corp boosted its holdings in Apollo Global Management by 99.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in Apollo Global Management in the 3rd quarter valued at approximately $28,000. SJS Investment Consulting Inc. increased its position in Apollo Global Management by 1,123.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 191 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Apollo Global Management during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management News Roundup

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Apollo Global Management Company Profile

(Get Free Report)

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.

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