Piper Sandler Lowers Apollo Global Management (NYSE:APO) Price Target to $193.00

Apollo Global Management (NYSE:APO) had its target price lowered by stock analysts at Piper Sandler from $202.00 to $193.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s target price suggests a potential upside of 39.32% from the stock’s current price.

APO has been the topic of a number of other research reports. Keefe, Bruyette & Woods decreased their target price on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Barclays increased their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Wells Fargo & Company decreased their price target on shares of Apollo Global Management from $187.00 to $177.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Morgan Stanley increased their price target on Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Finally, BMO Capital Markets increased their price target 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $164.74.

Apollo Global Management Stock Up 0.1 %

Shares of NYSE:APO traded up $0.16 during midday trading on Wednesday, hitting $138.53. The stock had a trading volume of 126,699 shares, compared to its average volume of 3,526,885. The company has a market cap of $79.03 billion, a P/E ratio of 18.98, a PEG ratio of 1.17 and a beta of 1.66. Apollo Global Management has a 12 month low of $95.11 and a 12 month high of $189.49. The business’s 50-day simple moving average is $151.25 and its 200-day simple moving average is $153.93. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Insider Activity

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the sale, the insider now owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. The trade was a 1.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the sale, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. Company 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 modified their holdings of APO. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Apollo Global Management by 33.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,099 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 278 shares during the last quarter. 111 Capital purchased a new position in Apollo Global Management in the 4th quarter worth approximately $344,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Apollo Global Management by 30.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,477 shares of the financial services provider’s stock valued at $1,730,000 after purchasing an additional 2,426 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new position in Apollo Global Management during the fourth quarter worth approximately $21,911,000. Finally, Siemens Fonds Invest GmbH grew its holdings in Apollo Global Management by 251.8% in the 4th quarter. Siemens Fonds Invest GmbH now owns 15,150 shares of the financial services provider’s stock valued at $2,502,000 after buying an additional 10,843 shares in the last quarter. Hedge funds and other 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.