Apollo Global Management (NYSE:APO) Upgraded to “Hold” at StockNews.com

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

Other equities analysts have also recently issued research reports about the company. Citigroup boosted their price target on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Redburn Partners began coverage on Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. Wells Fargo & Company boosted their price objective on Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Wolfe Research began coverage on Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price objective on the stock. Finally, Argus reduced their price objective on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $150.83.

Apollo Global Management Price Performance

NYSE APO traded down $3.03 during midday trading on Tuesday, hitting $163.72. The company had a trading volume of 2,810,019 shares, compared to its average volume of 2,652,663. The company has a market capitalization of $93.24 billion, a PE ratio of 17.11, a P/E/G ratio of 1.69 and a beta of 1.59. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $133.09 and a 200-day moving average price of $121.19. Apollo Global Management has a twelve month low of $84.23 and a twelve month high of $168.67.

Hedge Funds Weigh In On Apollo Global Management

Several institutional investors have recently modified their holdings of APO. PGGM Investments bought a new position in Apollo Global Management during the first quarter valued at $840,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Apollo Global Management by 38.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 34,709 shares of the financial services provider’s stock valued at $3,903,000 after purchasing an additional 9,708 shares during the period. Mackenzie Financial Corp grew its holdings in Apollo Global Management by 4.5% during the second quarter. Mackenzie Financial Corp now owns 178,868 shares of the financial services provider’s stock valued at $21,119,000 after purchasing an additional 7,679 shares during the period. Forsta AP Fonden grew its holdings in Apollo Global Management by 8.4% during the third quarter. Forsta AP Fonden now owns 143,600 shares of the financial services provider’s stock valued at $17,937,000 after purchasing an additional 11,100 shares during the period. Finally, Ameliora Wealth Management Ltd. grew its holdings in Apollo Global Management by 445.8% during the second quarter. Ameliora Wealth Management Ltd. now owns 21,980 shares of the financial services provider’s stock valued at $2,595,000 after purchasing an additional 17,953 shares during the period. 77.06% of the stock is owned by institutional investors.

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.