Apollo Global Management (NYSE:APO) Now Covered by Analysts at Piper Sandler

Equities research analysts at Piper Sandler initiated coverage on shares of Apollo Global Management (NYSE:APO - Get Free Report) in a research note issued on Tuesday, Marketbeat Ratings reports. The firm set an "overweight" rating and a $188.00 price target on the financial services provider's stock. Piper Sandler's price objective would indicate a potential upside of 11.72% from the company's previous close.

Several other research firms also recently issued reports on APO. BMO Capital Markets lifted their price target on shares of Apollo Global Management from $138.00 to $157.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. The Goldman Sachs Group boosted their price objective on Apollo Global Management from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Morgan Stanley lifted their target price on Apollo Global Management from $111.00 to $137.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. Evercore ISI boosted their price objective on Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods upped their target price on Apollo Global Management from $159.00 to $168.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Apollo Global Management has an average rating of "Moderate Buy" and an average target price of $155.05.

Apollo Global Management Trading Up 2.4 %

Apollo Global Management stock traded up $3.97 during trading hours on Tuesday, hitting $168.28. The stock had a trading volume of 4,706,599 shares, compared to its average volume of 2,665,005. The business's 50 day simple moving average is $139.82 and its 200-day simple moving average is $123.50. The stock has a market cap of $95.22 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 1.69 and a beta of 1.59. Apollo Global Management has a one year low of $86.21 and a one year high of $169.15. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Hedge Funds Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently modified their holdings of the stock. Unigestion Holding SA bought a new position in Apollo Global Management during the third quarter valued at $609,000. TCW Group Inc. increased its stake in Apollo Global Management by 2.9% in the 3rd quarter. TCW Group Inc. now owns 671,479 shares of the financial services provider's stock worth $83,874,000 after buying an additional 18,785 shares during the period. Hohimer Wealth Management LLC increased its stake in Apollo Global Management by 3.6% in the 3rd quarter. Hohimer Wealth Management LLC now owns 7,162 shares of the financial services provider's stock worth $895,000 after buying an additional 247 shares during the period. Toronto Dominion Bank increased its position in Apollo Global Management by 27.7% during the 3rd quarter. Toronto Dominion Bank now owns 52,645 shares of the financial services provider's stock valued at $6,576,000 after purchasing an additional 11,411 shares during the period. Finally, Chiron Investment Management LLC purchased a new position in Apollo Global Management during the 3rd quarter valued at about $397,000. Institutional investors own 77.06% of the company's stock.

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.