Apollo Global Management has recently attracted significant attention from institutional investors, reflecting a growing confidence in the financial services provider. This influx of investment underscores a broader trend where institutional players are increasingly looking to capitalize on opportunities within the private equity sector.
Analysts have been actively reassessing Apollo Global Management's stock, with UBS Group recently raising its target price from $117.00 to $150.00, maintaining a "neutral" rating. Other firms have also weighed in, with Redburn Partners initiating coverage with a "buy" rating and a price target of $153.00, while Evercore ISI raised its target from $127.00 to $150.00, assigning an "outperform" rating. TD Cowen has been particularly bullish, increasing its price target from $135.00 to $162.00, also giving the stock a "buy" rating. Wolfe Research has joined the ranks of optimistic analysts, setting an "outperform" rating with a price objective of $139.00. Despite the positive sentiment from many analysts, Argus has taken a more conservative approach, lowering its target price from $135.00 to $125.00 while still maintaining a "buy" rating. Overall, Apollo Global Management holds an average rating of "Moderate Buy" with a consensus target price of $139.56, reflecting a mixed but generally favorable outlook.
Apollo Global Management's stock has experienced fluctuations, recently trading down 0.5% to $144.07, with a market cap of $81.85 billion. In its latest quarterly earnings report, Apollo Global Management reported earnings per share (EPS) of $1.64, slightly missing analysts' consensus estimates of $1.67. The firm achieved a net margin of 21.90% and a return on equity of 16.98%, with revenue reaching $6.02 billion, significantly surpassing expectations of $873.18 million. Analysts project that the company will post an EPS of 6.66 for the current fiscal year, indicating continued growth potential despite recent challenges.
Director Pauline Richards purchased 2,351 shares at an average price of $104.92, totaling approximately $246,666.92. Following this transaction, Richards now owns 85,854 shares valued at around $9 million, reflecting a strong personal investment in the company's future.
As Apollo Global Management navigates the complexities of the financial landscape, the combination of institutional interest, analyst ratings, and insider activity paints a picture of a company poised for potential growth. The ongoing adjustments in price targets and ratings from various analysts suggest that while there are challenges ahead, the overall sentiment remains cautiously optimistic.