UBS Group Has Lowered Expectations for Apollo Global Management (NYSE:APO) Stock Price

Apollo Global Management (NYSE:APO) had its price target cut by equities research analysts at UBS Group from $172.00 to $163.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. UBS Group’s price target suggests a potential upside of 40.03% from the stock’s current price.

APO has been the subject of a number of other research reports. Royal Bank Of Canada upped their price objective on shares of Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. TD Cowen dropped their target price on Apollo Global Management from $159.00 to $154.00 and set a “buy” rating on the stock in a research report on Monday. Rothschild & Co Redburn raised their target price on Apollo Global Management from $171.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Jefferies Financial Group cut their price target on Apollo Global Management from $138.00 to $127.00 and set a “hold” rating for the company in a research note on Tuesday, October 6th. Finally, HSBC began coverage on Apollo Global Management in a report on Monday, July 20th. They issued a “buy” rating and a $145.00 price target for the company. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average target price of $152.60.

Apollo Global Management Stock Performance

Shares of APO traded down $2.81 during trading hours on Tuesday, hitting $116.41. The stock had a trading volume of 3,888,933 shares, compared to its average volume of 4,242,364. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a 50-day moving average price of $128.06 and a 200 day moving average price of $125.12. Apollo Global Management has a fifty-two week low of $99.56 and a fifty-two week high of $153.29. The firm has a market capitalization of $68.74 billion, a price-to-earnings ratio of 42.64, a PEG ratio of 1.06 and a beta of 1.58.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The firm had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. During the same period last year, the company posted $1.92 earnings per share. As a group, research analysts anticipate that Apollo Global Management will post 8.00 EPS for the current year.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the transaction, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. This represents a 0.75% 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. Corporate insiders own 8.30% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Large investors have recently modified their holdings of the business. Armstrong Advisory Group Inc. lifted its holdings in shares of Apollo Global Management by 2,113.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 28,869 shares of the financial services provider’s stock valued at $3,351,000 after purchasing an additional 27,565 shares during the last quarter. Marquette Asset Management LLC grew its stake in Apollo Global Management by 660.6% during the 3rd quarter. Marquette Asset Management LLC now owns 502 shares of the financial services provider’s stock worth $58,000 after buying an additional 436 shares during the last quarter. Valley Wealth Managers Inc. grew its stake in Apollo Global Management by 7.4% during the 3rd quarter. Valley Wealth Managers Inc. now owns 5,065 shares of the financial services provider’s stock worth $588,000 after buying an additional 350 shares during the last quarter. Wedmont Private Capital increased its position in Apollo Global Management by 126.8% during the third quarter. Wedmont Private Capital now owns 12,671 shares of the financial services provider’s stock worth $1,471,000 after buying an additional 7,083 shares during the period. Finally, Central Bank & Trust Co. increased its position in Apollo Global Management by 4.3% during the third quarter. Central Bank & Trust Co. now owns 9,534 shares of the financial services provider’s stock worth $1,107,000 after buying an additional 392 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.

Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.