Citigroup Increases Apollo Global Management (NYSE:APO) Price Target to $170.00

Apollo Global Management (NYSE:APO) had its price target increased by equities researchers at Citigroup from $162.00 to $170.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price objective would suggest a potential upside of 6.33% from the stock’s previous close.

Other research analysts have also issued research reports about the company. 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 research note on Wednesday. Redburn Partners initiated coverage on Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. Morgan Stanley raised their price target on Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Evercore ISI boosted their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.83.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $159.88 on Wednesday. The firm has a fifty day simple moving average of $131.14 and a two-hundred day simple moving average of $120.34. Apollo Global Management has a 52 week low of $83.88 and a 52 week high of $166.72. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $91.06 billion, a P/E ratio of 17.04, a PEG ratio of 1.53 and a beta of 1.59.

Hedge Funds Weigh In On Apollo Global Management

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Norden Group LLC bought a new position in Apollo Global Management during the 1st quarter worth about $708,000. Private Advisor Group LLC boosted its stake in shares of Apollo Global Management by 18.9% during the first quarter. Private Advisor Group LLC now owns 9,460 shares of the financial services provider’s stock valued at $1,064,000 after purchasing an additional 1,504 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Apollo Global Management by 69.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 65,103 shares of the financial services provider’s stock worth $7,240,000 after buying an additional 26,693 shares in the last quarter. Signaturefd LLC lifted its holdings in Apollo Global Management by 4.6% during the first quarter. Signaturefd LLC now owns 8,546 shares of the financial services provider’s stock worth $961,000 after buying an additional 372 shares during the period. Finally, Advisory Services Network LLC boosted its position in Apollo Global Management by 1.0% during the 1st quarter. Advisory Services Network LLC now owns 36,348 shares of the financial services provider’s stock valued at $4,087,000 after acquiring an additional 376 shares in 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.