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

Apollo Global Management (NYSE:APO) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

APO has been the subject of a number of other research reports. Piper Sandler assumed coverage on Apollo Global Management in a report on Tuesday, November 19th. They set an “overweight” rating and a $188.00 target price for the company. Argus cut their price objective on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Barclays raised their price target on Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Redburn Atlantic initiated 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 for the company. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $155.05.

Apollo Global Management Trading Down 1.5 %

Shares of NYSE:APO traded down $2.69 during trading on Monday, reaching $172.34. 2,918,897 shares of the company traded hands, compared to its average volume of 2,705,896. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management has a 52-week low of $88.58 and a 52-week high of $176.75. The business’s fifty day moving average is $148.51 and its 200-day moving average is $126.81. The firm has a market capitalization of $97.51 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 1.81 and a beta of 1.59.

Hedge Funds Weigh In On Apollo Global Management

Several institutional investors have recently made changes to their positions in the business. Chicago Capital LLC grew its position in Apollo Global Management by 1.2% during the third quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock valued at $709,000 after buying an additional 69 shares during the period. Menard Financial Group LLC boosted its stake in shares of Apollo Global Management by 1.2% during the 3rd quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider’s stock worth $720,000 after acquiring an additional 71 shares during the last quarter. Cyndeo Wealth Partners LLC grew its position in shares of Apollo Global Management by 3.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock valued at $336,000 after acquiring an additional 77 shares during the period. Sfmg LLC grew its position in shares of Apollo Global Management by 1.1% during the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock valued at $902,000 after acquiring an additional 79 shares during the period. Finally, Cigna Investments Inc. New increased its stake in shares of Apollo Global Management by 1.8% in the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock worth $645,000 after purchasing an additional 90 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.