Apollo Global Management (NYSE:APO) Now Covered by Redburn Partners

Investment analysts at Redburn Partners started coverage on shares of Apollo Global Management (NYSE:APO) in a research note issued to investors on Tuesday, Stock Target Advisor reports. The firm set a “buy” rating and a $153.00 price target on the financial services provider’s stock. Redburn Partners’ price objective points to a potential upside of 34.93% from the stock’s current price.

APO has been the subject of a number of other reports. Evercore ISI raised their price target on Apollo Global Management from $128.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Argus dropped their target price on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. UBS Group lifted their price target on shares of Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Finally, StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.19.

Apollo Global Management Stock Down 0.2 %

NYSE APO opened at $113.39 on Tuesday. Apollo Global Management has a 52 week low of $77.11 and a 52 week high of $126.45. The firm has a market capitalization of $64.42 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 0.95 and a beta of 1.59. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average of $115.38 and a two-hundred day moving average of $113.41.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.03). Apollo Global Management had a net margin of 21.90% and a return on equity of 17.97%. The firm had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $873.18 million. During the same quarter in the previous year, the company posted $1.54 earnings per share. On average, analysts predict that Apollo Global Management will post 7.09 earnings per share for the current year.

Insider Activity

In other news, Director Pauline Richards purchased 2,351 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average cost of $104.92 per share, with a total value of $246,666.92. Following the transaction, the director now owns 85,854 shares in the company, valued at approximately $9,007,801.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Apollo Global Management by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 41,038,114 shares of the financial services provider’s stock valued at $3,824,342,000 after purchasing an additional 750,781 shares during the period. Capital International Investors increased its holdings in shares of Apollo Global Management by 2.1% in the 4th quarter. Capital International Investors now owns 10,775,413 shares of the financial services provider’s stock valued at $1,004,161,000 after purchasing an additional 218,566 shares during the period. Norges Bank acquired a new stake in Apollo Global Management during the fourth quarter valued at $586,016,000. Putnam Investments LLC lifted its holdings in shares of Apollo Global Management by 2.8% during the 4th quarter. Putnam Investments LLC now owns 5,939,220 shares of the financial services provider’s stock valued at $553,476,000 after buying an additional 164,400 shares during the last quarter. Finally, Capital Research Global Investors grew its position in 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 worth $532,852,000 after acquiring an additional 1,360,525 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.