Credit Suisse Group Increases Apollo Global Management (NYSE:APO) Price Target to $65.00

Apollo Global Management (NYSE:APO) had its target price upped by equities research analysts at Credit Suisse Group from $61.00 to $65.00 in a research report issued on Friday, BenzingaRatingsTable reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Credit Suisse Group’s price objective indicates a potential upside of 32.38% from the company’s current price.

Several other research analysts also recently commented on the company. Deutsche Bank reduced their target price on Apollo Global Management from $46.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, July 9th. Cfra boosted their price target on Apollo Global Management from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Wells Fargo & Co boosted their price target on Apollo Global Management from $44.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. ValuEngine downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Jefferies Financial Group boosted their price target on Apollo Global Management from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, May 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $56.29.

Shares of NYSE APO opened at $49.10 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.97. Apollo Global Management has a 12 month low of $19.46 and a 12 month high of $55.38. The stock has a 50 day moving average of $50.71 and a 200-day moving average of $44.46. The company has a market capitalization of $11.24 billion, a P/E ratio of -153.44, a P/E/G ratio of 1.48 and a beta of 1.65.

Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, July 30th. The financial services provider reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.02). Apollo Global Management had a return on equity of 38.25% and a net margin of 31.68%. The business had revenue of $467.01 million for the quarter, compared to the consensus estimate of $442.94 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Analysts predict that Apollo Global Management will post 1.93 EPS for the current fiscal year.

In other news, COO Anthony Civale sold 4,121 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $48.17, for a total transaction of $198,508.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marc J. Rowan sold 286,115 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $41.87, for a total value of $11,979,635.05. The disclosure for this sale can be found here. Insiders have sold a total of 1,187,598 shares of company stock valued at $51,642,778 in the last three months. 46.90% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Shine Investment Advisory Services Inc. acquired a new position in shares of Apollo Global Management during the 2nd quarter worth $28,000. CWM LLC acquired a new position in Apollo Global Management in the 1st quarter worth about $32,000. Parallel Advisors LLC increased its holdings in Apollo Global Management by 38.9% in the 2nd quarter. Parallel Advisors LLC now owns 746 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 209 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Apollo Global Management in the 1st quarter worth about $41,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Apollo Global Management in the 1st quarter worth about $51,000. 70.10% of the stock is owned by institutional investors.

About Apollo Global Management

Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.

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