Apollo Global Management (NYSE:APO) Price Target Raised to $190.00

Apollo Global Management (NYSE:APO - Get Free Report) had its target price lifted by research analysts at Bank of America from $186.00 to $190.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the financial services provider's stock. Bank of America's price objective would suggest a potential upside of 54.29% from the stock's current price.

A number of other equities analysts have also weighed in on APO. Wells Fargo & Company decreased their target price on Apollo Global Management from $187.00 to $177.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Morgan Stanley upped their price objective on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. StockNews.com lowered shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. BMO Capital Markets raised their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods cut 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 report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $157.16.

Apollo Global Management Price Performance

Shares of APO traded up $12.74 during mid-day trading on Friday, reaching $123.15. 3,737,063 shares of the stock traded hands, compared to its average volume of 4,041,463. The company has a market cap of $70.25 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. Apollo Global Management has a 1 year low of $95.11 and a 1 year high of $189.49. The firm has a fifty day moving average price of $144.98 and a 200 day moving average price of $153.60. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

Insider Buying and Selling

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the transaction, the insider now directly owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. This represents a 1.42 % 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 Lb 2018 Gst Trust bought 607,725 shares of the business's stock in a transaction dated Friday, April 4th. The shares were bought at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the purchase, the insider now directly owns 621,754 shares in the company, valued at approximately $69,257,178.06. This represents a 4,331.92 % increase in their position. The disclosure for this purchase can be found here. 8.50% of the stock is owned by insiders.

Institutional Trading of Apollo Global Management

Several institutional investors and hedge funds have recently bought and sold shares of APO. Fourth Dimension Wealth LLC bought a new position in shares of Apollo Global Management in the 4th quarter worth approximately $25,000. Hopwood Financial Services Inc. purchased a new stake in Apollo Global Management in the fourth quarter worth $33,000. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management in the fourth quarter worth $34,000. Byrne Asset Management LLC purchased a new position in Apollo Global Management during the 4th quarter valued at about $37,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $39,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

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.