Apollo Global Management (NYSE:APO) Given New $144.00 Price Target at TD Cowen

Apollo Global Management (NYSE:APO) had its price objective dropped by investment analysts at TD Cowen from $214.00 to $144.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. TD Cowen’s price objective indicates a potential upside of 19.93% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Bank of America lifted their price objective on Apollo Global Management from $186.00 to $190.00 and gave the company a “buy” rating in a report on Friday, April 4th. BMO Capital Markets lifted their price target on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Barclays cut their price objective on Apollo Global Management from $196.00 to $145.00 and set an “overweight” rating for the company in a research report on Monday. Wells Fargo & Company decreased their target price on shares of Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Morgan Stanley increased their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $157.16.

Apollo Global Management Stock Performance

Apollo Global Management stock traded up $9.66 during trading hours on Wednesday, reaching $120.07. 3,458,201 shares of the stock were exchanged, compared to its average volume of 3,685,785. Apollo Global Management has a 52-week low of $95.11 and a 52-week high of $189.49. The stock has a market cap of $68.50 billion, a P/E ratio of 16.43, a P/E/G ratio of 1.17 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The firm’s 50 day moving average is $144.98 and its 200 day moving average is $153.60.

Insider Buying and Selling at Apollo Global Management

In related news, 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 transaction of $791,400.00. Following the transaction, the chief financial officer now owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lb 2018 Gst Trust bought 607,725 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the transaction, the insider now owns 621,754 shares of the company’s stock, valued at $69,257,178.06. The trade was 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.

Hedge Funds Weigh In On Apollo Global Management

Several large investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP lifted its holdings in shares of Apollo Global Management by 50.9% during the 3rd quarter. Quantinno Capital Management LP now owns 18,854 shares of the financial services provider’s stock worth $2,355,000 after acquiring an additional 6,358 shares during the period. EP Wealth Advisors LLC increased its position in Apollo Global Management by 61.7% during the third quarter. EP Wealth Advisors LLC now owns 5,456 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 2,081 shares during the last quarter. National Bank of Canada FI raised its stake in Apollo Global Management by 11.9% during the third quarter. National Bank of Canada FI now owns 9,089 shares of the financial services provider’s stock worth $1,135,000 after purchasing an additional 970 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in shares of Apollo Global Management by 3.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 12,791 shares of the financial services provider’s stock valued at $1,598,000 after purchasing an additional 388 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in shares of Apollo Global Management by 23.3% during the 3rd quarter. MML Investors Services LLC now owns 14,629 shares of the financial services provider’s stock valued at $1,827,000 after buying an additional 2,767 shares during the period. 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.