Apollo Global Management (NYSE:APO) Price Target Lowered to $144.00 at TD Cowen

Apollo Global Management (NYSE:APO - Get Free Report) had its price objective cut by TD Cowen from $214.00 to $144.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the financial services provider's stock. TD Cowen's target price indicates a potential upside of 14.54% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods reduced their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Piper Sandler dropped their price objective on shares of Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Bank of America lifted their target price on shares of Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, April 4th. Citigroup dropped their price target on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, StockNews.com lowered Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $156.00.

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Apollo Global Management Stock Performance

NYSE APO traded down $0.20 during trading on Wednesday, hitting $125.72. The company's stock had a trading volume of 4,010,013 shares, compared to its average volume of 3,777,948. Apollo Global Management has a 52 week low of $95.11 and a 52 week high of $189.49. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market cap of $71.72 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The firm has a 50 day moving average price of $141.67 and a 200 day moving average price of $153.65.

Insiders Place Their Bets

In other news, insider Leon D. Black sold 500,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the sale, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. This represents a 1.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Lb 2018 Gst Trust bought 607,725 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the completion of the purchase, the insider now directly owns 621,754 shares of the company's stock, valued at $69,257,178.06. This represents a 4,331.92 % increase in their position. The disclosure for this purchase can be found here. Insiders own 8.50% of the company's stock.

Institutional Trading of Apollo Global Management

A number of large investors have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC bought a new position in shares of Apollo Global Management during the 4th quarter worth approximately $3,994,000. Fortress Financial Solutions LLC bought a new position in Apollo Global Management during the fourth quarter worth $685,000. Leavell Investment Management Inc. increased its holdings in shares of Apollo Global Management by 39.8% in the fourth quarter. Leavell Investment Management Inc. now owns 6,150 shares of the financial services provider's stock valued at $1,016,000 after purchasing an additional 1,750 shares during the last quarter. Amundi raised its position in shares of Apollo Global Management by 13.2% in the fourth quarter. Amundi now owns 801,260 shares of the financial services provider's stock valued at $129,788,000 after purchasing an additional 93,451 shares during the period. Finally, State of Michigan Retirement System acquired a new stake in shares of Apollo Global Management during the 4th quarter worth about $20,034,000. 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.