UBS Group Upgrades Apollo Global Management (NYSE:APO) to Strong-Buy

Apollo Global Management (NYSE:APO) was upgraded by analysts at UBS Group to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other equities research analysts have also commented on APO. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $155.00 price target on shares of Apollo Global Management in a research report on Tuesday, November 25th. Keefe, Bruyette & Woods lifted their price target on Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. BMO Capital Markets set a $136.00 price objective on Apollo Global Management and gave the company a “market perform” rating in a research note on Tuesday, November 25th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $166.23.

Apollo Global Management Stock Performance

Shares of APO stock opened at $148.06 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a 50-day moving average of $129.64 and a 200-day moving average of $135.93. Apollo Global Management has a one year low of $102.58 and a one year high of $179.42. The company has a market cap of $85.94 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.48 and a beta of 1.61.

Insiders Place Their Bets

In related news, CFO Martin Kelly sold 6,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the sale, the chief financial officer directly owned 325,604 shares in the company, valued at approximately $42,787,621.64. The trade was a 1.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

Several large investors have recently modified their holdings of APO. Allworth Financial LP lifted its stake in shares of Apollo Global Management by 74.1% during the 3rd quarter. Allworth Financial LP now owns 2,081 shares of the financial services provider’s stock valued at $277,000 after buying an additional 886 shares in the last quarter. Swiss Life Asset Management Ltd raised its holdings in Apollo Global Management by 26.0% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 48,201 shares of the financial services provider’s stock valued at $6,424,000 after acquiring an additional 9,936 shares during the period. Steadtrust LLC bought a new stake in Apollo Global Management during the 3rd quarter valued at $221,000. CIBC Private Wealth Group LLC lifted its position in shares of Apollo Global Management by 40.7% during the third quarter. CIBC Private Wealth Group LLC now owns 3,178 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 920 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Apollo Global Management in the third quarter worth $8,346,000. Hedge funds and other 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.