JPMorgan Chase & Co. Raises Apollo Global Management (NYSE:APO) Price Target to $143.00

Apollo Global Management (NYSE:APO) had its price target upped by analysts at JPMorgan Chase & Co. from $129.00 to $143.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 8.89% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. UBS Group upped 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 report on Wednesday, July 10th. Redburn Partners assumed coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. Wells Fargo & Company boosted their price target on Apollo Global Management from $132.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America raised Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. Finally, Evercore ISI lifted their target price on Apollo Global Management from $127.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.78.

Apollo Global Management Stock Performance

Shares of APO stock opened at $131.32 on Wednesday. The stock’s 50-day moving average is $114.37 and its two-hundred day moving average is $114.66. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. Apollo Global Management has a 1 year low of $77.11 and a 1 year high of $135.29. The firm has a market cap of $74.61 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 1.30 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last released 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 return on equity of 16.98% and a net margin of 21.90%. The firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. During the same period last year, the firm earned $1.54 EPS. Analysts predict that Apollo Global Management will post 6.62 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Pauline Richards acquired 2,351 shares of the stock in a transaction dated Tuesday, August 6th. The stock was bought at an average cost of $104.92 per share, with a total value of $246,666.92. Following the purchase, the director now directly owns 85,854 shares of the company’s stock, valued at $9,007,801.68. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.50% of the stock is currently owned by company insiders.

Institutional Trading of Apollo Global Management

Institutional investors and hedge funds have recently bought and sold shares of the business. Cullen Frost Bankers Inc. purchased a new stake in Apollo Global Management during the second quarter worth approximately $35,000. J.Safra Asset Management Corp lifted its holdings in shares of Apollo Global Management by 709.3% during the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 305 shares in the last quarter. True Wealth Design LLC purchased a new stake in Apollo Global Management during the 4th quarter worth $33,000. Riverview Trust Co acquired a new stake in Apollo Global Management in the 1st quarter valued at $45,000. Finally, Compass Wealth Management LLC raised its position in Apollo Global Management by 48.7% in the first quarter. Compass Wealth Management LLC now owns 446 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

About Apollo Global Management

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.