Apollo Global Management (NYSE:APO) Price Target Raised to $186.00 at BMO Capital Markets

Apollo Global Management (NYSE:APO - Get Free Report) had its target price boosted by stock analysts at BMO Capital Markets from $157.00 to $186.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the financial services provider's stock. BMO Capital Markets' price target suggests a potential upside of 9.65% from the company's previous close.

APO has been the subject of a number of other reports. Citigroup boosted their target price on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Piper Sandler raised their price objective on Apollo Global Management from $188.00 to $202.00 and gave the stock an "overweight" rating in a research note on Wednesday. Wolfe Research began coverage on Apollo Global Management in a research report on Wednesday, September 25th. They set an "outperform" rating and a $139.00 target price on the stock. The Goldman Sachs Group increased their price target 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, Barclays upped their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $163.16.

Apollo Global Management Stock Performance

APO traded up $2.19 on Thursday, hitting $169.63. 7,908,383 shares of the company's stock were exchanged, compared to its average volume of 2,910,074. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average of $160.82 and a two-hundred day moving average of $132.49. Apollo Global Management has a twelve month low of $89.76 and a twelve month high of $189.49. The firm has a market cap of $95.98 billion, a PE ratio of 17.73, a P/E/G ratio of 1.84 and a beta of 1.63.

Insider Transactions at Apollo Global Management

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

Institutional Trading of Apollo Global Management

Several large investors have recently made changes to their positions in APO. Massachusetts Financial Services Co. MA acquired a new position in shares of Apollo Global Management during the second quarter worth approximately $62,972,000. Marshall Wace LLP lifted its position in Apollo Global Management by 74.5% during the 2nd quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider's stock valued at $112,836,000 after purchasing an additional 408,105 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Apollo Global Management by 27.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider's stock valued at $225,600,000 after acquiring an additional 383,557 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Apollo Global Management by 12,086.7% during the third quarter. International Assets Investment Management LLC now owns 370,233 shares of the financial services provider's stock worth $462,460,000 after purchasing an additional 367,195 shares during the period. Finally, Holocene Advisors LP lifted its stake in Apollo Global Management by 530.9% in the third quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider's stock valued at $50,242,000 after buying an additional 338,472 shares during the period. 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.