KBW analyst Michael Brown reiterated a Buy rating on Apollo Global Management (APO – Research Report) yesterday and set a price target of $122.00. The company’s shares closed yesterday at $107.41.
According to TipRanks, Brown is a 5-star analyst with an average return of 16.5% and a 63.10% success rate. Brown covers the Financial sector, focusing on stocks such as KKR & Co, WisdomTree, and Apollo Global Management.
Apollo Global Management has an analyst consensus of Moderate Buy, with a price target consensus of $107.46, a 0.05% upside from current levels. In a report released yesterday, Goldman Sachs also maintained a Buy rating on the stock with a $108.00 price target.
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APO market cap is currently $60.1B and has a P/E ratio of 22.60.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Apollo Global Management (APO) Company Description:
Apollo Global Management, Inc. engages in the provision of alternative investment management services. It operates through the following segments: Credit, Private Equity, and Real Assets. The Credit segment focuses on the investment in non-control corporate and structured debt instruments including performing, stressed, and distressed instruments across the capital structure. The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. The Real Assets segment includes investment in real estate equity and infrastructure equity; and real estate and infrastructure debt. The company was founded by Marc Jeffrey Rowan, Leon David Black, and Joshua Jordan Harris in 1990 and is headquartered in New York, NY.
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