Barclays Issues Positive Forecast for Apollo Global Management (NYSE:APO) Stock Price

Apollo Global Management (NYSE:APO - Get Free Report) had its target price hoisted by stock analysts at Barclays from $174.00 to $200.00 in a report released on Monday,Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. Barclays's target price suggests a potential upside of 15.99% from the company's previous close.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets lifted their price target on shares of Apollo Global Management from $138.00 to $157.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. UBS Group upgraded Apollo Global Management to a "hold" rating in a research note on Wednesday, November 13th. Redburn Partners started coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They set a "buy" rating and a $153.00 price objective on the stock. The Goldman Sachs Group upped their target price on Apollo Global Management from $161.00 to $178.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Finally, Evercore ISI raised their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $159.16.

Apollo Global Management Stock Performance

Shares of APO traded down $5.42 during trading hours on Monday, reaching $172.43. 19,346,286 shares of the company traded hands, compared to its average volume of 2,801,051. The stock has a market cap of $97.56 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 1.84 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The stock's fifty day moving average is $153.46 and its 200 day moving average is $128.97. Apollo Global Management has a 1-year low of $89.76 and a 1-year high of $189.49.

Insider Activity

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the transaction, the chief financial officer now owns 320,564 shares in the company, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the sale, the insider now directly owns 35,104,773 shares of the company's stock, valued at approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 196,600 shares of company stock worth $34,186,128 over the last three months. Corporate insiders own 8.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APO. Sequoia Financial Advisors LLC lifted its stake in shares of Apollo Global Management by 5.6% during the second quarter. Sequoia Financial Advisors LLC now owns 3,403 shares of the financial services provider's stock worth $402,000 after buying an additional 179 shares during the period. Cooper Financial Group acquired a new stake in shares of Apollo Global Management in the 2nd quarter valued at $316,000. Wedmont Private Capital boosted its stake in Apollo Global Management by 9.3% in the second quarter. Wedmont Private Capital now owns 5,124 shares of the financial services provider's stock valued at $618,000 after acquiring an additional 438 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Apollo Global Management by 343.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 36,492 shares of the financial services provider's stock valued at $4,309,000 after purchasing an additional 28,272 shares during the period. Finally, Great Valley Advisor Group Inc. boosted its holdings in shares of Apollo Global Management by 8.3% in the second quarter. Great Valley Advisor Group Inc. now owns 2,716 shares of the financial services provider's stock valued at $321,000 after acquiring an additional 209 shares in the last quarter. Institutional investors 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.