Apollo Global Management (NYSE:APO) Price Target Raised to $155.00 at Deutsche Bank Aktiengesellschaft

Apollo Global Management (NYSE:APO) had its price objective boosted by stock analysts at Deutsche Bank Aktiengesellschaft from $141.00 to $155.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential downside of 5.42% from the stock’s current price.

Several other research firms have also weighed in on APO. Keefe, Bruyette & Woods upped their target price on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. TD Cowen upped their price objective on shares of Apollo Global Management from $135.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Wolfe Research started coverage on shares of Apollo Global Management in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 target price for the company. BMO Capital Markets increased their price target on Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Evercore ISI lifted their price objective on Apollo Global Management from $127.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.61.

Apollo Global Management Price Performance

APO stock traded up $14.62 during trading on Wednesday, hitting $163.89. The company had a trading volume of 3,671,925 shares, compared to its average volume of 2,611,798. The company has a fifty day moving average price of $129.21 and a two-hundred day moving average price of $119.76. Apollo Global Management has a fifty-two week low of $82.71 and a fifty-two week high of $166.72. The company has a market cap of $93.34 billion, a P/E ratio of 17.49, a P/E/G ratio of 1.55 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.

Institutional Investors Weigh In On Apollo Global Management

A number of institutional investors have recently made changes to their positions in the company. Empowered Funds LLC lifted its holdings in Apollo Global Management by 193.3% during the 1st quarter. Empowered Funds LLC now owns 51,181 shares of the financial services provider’s stock worth $5,755,000 after purchasing an additional 33,731 shares during the last quarter. PGGM Investments bought a new position in Apollo Global Management during the 1st quarter worth $840,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Apollo Global Management by 38.8% during the 1st 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 purchasing an additional 9,708 shares in the last quarter. Mackenzie Financial Corp increased its stake in Apollo Global Management by 4.5% in the second quarter. Mackenzie Financial Corp now owns 178,868 shares of the financial services provider’s stock valued at $21,119,000 after acquiring an additional 7,679 shares during the last quarter. Finally, Forsta AP Fonden increased its stake in shares of Apollo Global Management by 8.4% in the 3rd 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 last quarter. Institutional investors own 77.06% of the company’s stock.

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.