Analysts Set Apollo Global Management, Inc. (NYSE:APO) Price Target at $155.85

Apollo Global Management, Inc. (NYSE:APO) has been assigned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $157.89.

APO has been the topic of a number of research analyst reports. Barclays boosted their price target on shares of Apollo Global Management from $145.00 to $156.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Morgan Stanley decreased their price target on shares of Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Citigroup decreased their target price on Apollo Global Management from $191.00 to $138.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. UBS Group decreased their price objective on Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. Finally, TD Cowen dropped their price objective on shares of Apollo Global Management from $214.00 to $144.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th.

Apollo Global Management Trading Down 0.5 %

Shares of APO stock opened at $132.49 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $75.58 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.17 and a beta of 1.67. Apollo Global Management has a 52-week low of $95.11 and a 52-week high of $189.49. The company has a 50-day simple moving average of $131.82 and a two-hundred day simple moving average of $152.55.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.02). Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The business had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $977.14 million. During the same period in the previous year, the business posted $1.72 earnings per share. The business’s revenue was down 21.2% compared to the same quarter last year. Research analysts anticipate that Apollo Global Management will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.51 dividend. The ex-dividend date is Friday, May 16th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.54%. Apollo Global Management’s payout ratio is 35.73%.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the transaction, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. This trade represents a 1.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the completion of the sale, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 509,000 shares of company stock valued at $72,321,680 over the last 90 days. 8.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Apollo Global Management

Institutional investors have recently bought and sold shares of the stock. Ellevest Inc. boosted its stake in shares of Apollo Global Management by 1.5% during the fourth quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider’s stock valued at $735,000 after purchasing an additional 67 shares during the period. SRS Capital Advisors Inc. boosted its holdings in shares of Apollo Global Management by 2.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider’s stock worth $447,000 after purchasing an additional 71 shares during the period. Vivaldi Capital Management LP increased its holdings in Apollo Global Management by 2.1% during the 4th quarter. Vivaldi Capital Management LP now owns 3,382 shares of the financial services provider’s stock valued at $566,000 after purchasing an additional 71 shares during the period. Tower Wealth Partners Inc. raised its position in Apollo Global Management by 4.4% during the 4th quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 74 shares during the last quarter. Finally, Colonial Trust Co SC lifted its holdings in Apollo Global Management by 29.2% in the 4th quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider’s stock worth $58,000 after buying an additional 79 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

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.