Apollo Global Management (NYSE:APO) Upgraded to Hold by StockNews.com

Apollo Global Management (NYSE:APO - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

A number of other research analysts have also recently commented on the stock. Evercore ISI upped their target price on shares of Apollo Global Management from $120.00 to $128.00 and gave the company an "outperform" rating in a research report on Friday, May 3rd. UBS Group increased their price target on shares of Apollo Global Management from $116.00 to $123.00 and gave the stock a "neutral" rating in a research report on Wednesday. BMO Capital Markets increased their price target on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an "outperform" rating in a research report on Friday, April 5th. JPMorgan Chase & Co. increased their price target on shares of Apollo Global Management from $122.00 to $123.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 24th. Finally, Jefferies Financial Group decreased their price target on shares of Apollo Global Management from $119.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, May 9th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $119.14.

Apollo Global Management Trading Down 0.5 %

Shares of APO traded down $0.56 during mid-day trading on Friday, reaching $120.54. The stock had a trading volume of 1,461,623 shares, compared to its average volume of 2,506,604. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.60. Apollo Global Management has a 52-week low of $77.11 and a 52-week high of $122.76. The business's fifty day moving average is $115.96 and its 200 day moving average is $109.82. The firm has a market cap of $68.49 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 1.01 and a beta of 1.59.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $1.71 by ($0.21). Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. The company had revenue of $839.00 million during the quarter, compared to analyst estimates of $827.33 million. On average, sell-side analysts predict that Apollo Global Management will post 7.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Martin Kelly sold 30,000 shares of the business's stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total value of $3,338,700.00. Following the sale, the chief financial officer now directly owns 359,445 shares in the company, valued at approximately $40,002,634.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 8.50% of the company's stock.

Institutional Trading of Apollo Global Management

A number of institutional investors and hedge funds have recently bought and sold shares of APO. EP Wealth Advisors LLC acquired a new stake in Apollo Global Management during the 3rd quarter worth approximately $228,000. B. Riley Wealth Advisors Inc. increased its position in Apollo Global Management by 11.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 11,579 shares of the financial services provider's stock worth $1,039,000 after purchasing an additional 1,159 shares in the last quarter. DNB Asset Management AS increased its position in Apollo Global Management by 3.6% during the 4th quarter. DNB Asset Management AS now owns 180,556 shares of the financial services provider's stock worth $16,826,000 after purchasing an additional 6,344 shares in the last quarter. Fulton Bank N.A. boosted its holdings in Apollo Global Management by 3.9% in the 4th quarter. Fulton Bank N.A. now owns 4,583 shares of the financial services provider's stock worth $427,000 after acquiring an additional 170 shares during the period. Finally, First Hawaiian Bank boosted its holdings in Apollo Global Management by 146.6% in the 4th quarter. First Hawaiian Bank now owns 5,874 shares of the financial services provider's stock worth $547,000 after acquiring an additional 3,492 shares during the period. 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 and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.