Apollo Global Management (NYSE:APO) Raised to Hold at UBS Group

Apollo Global Management (NYSE:APO) was upgraded by equities researchers at UBS Group to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently commented on the stock. StockNews.com upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Tuesday. Evercore ISI boosted their price objective on Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Redburn Partners began coverage on Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, TD Cowen boosted their price objective on Apollo Global Management from $165.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $150.83.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $164.31 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $136.34 and its two-hundred day moving average price is $122.15. Apollo Global Management has a 52 week low of $85.84 and a 52 week high of $168.67. The stock has a market cap of $93.58 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.70 and a beta of 1.59.

Institutional Investors Weigh In On Apollo Global Management

A number of large investors have recently added to or reduced their stakes in APO. US Bancorp DE boosted its position in Apollo Global Management by 3.5% during the first quarter. US Bancorp DE now owns 8,551 shares of the financial services provider’s stock worth $962,000 after purchasing an additional 288 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of 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 worth $3,903,000 after buying an additional 9,708 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Apollo Global Management by 29.0% during the first quarter. Kingsview Wealth Management LLC now owns 3,537 shares of the financial services provider’s stock worth $398,000 after buying an additional 795 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Apollo Global Management by 50.9% during the first quarter. Orion Portfolio Solutions LLC now owns 12,186 shares of the financial services provider’s stock worth $1,370,000 after buying an additional 4,111 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Apollo Global Management by 16.8% during the first quarter. Intech Investment Management LLC now owns 87,994 shares of the financial services provider’s stock worth $9,895,000 after buying an additional 12,625 shares during the last quarter. 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.