Apollo Global Management Inc. (NYSE:APO) Receives $150.75 Average Price Target from Brokerages

Shares of Apollo Global Management Inc. (NYSE:APO) have been given an average rating of “Moderate Buy” by the seventeen research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $150.3846.

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a research report on Thursday, May 7th. JPMorgan Chase & Co. lowered their price target on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a research report on Tuesday, February 10th. Barclays upped their price target on shares of Apollo Global Management from $125.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Weiss Ratings lowered shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, Evercore restated an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st.

Apollo Global Management Stock Up 0.9%

APO stock opened at $132.31 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73. Apollo Global Management has a 1-year low of $99.56 and a 1-year high of $157.28. The firm has a fifty day moving average price of $117.91 and a two-hundred day moving average price of $127.91. The firm has a market cap of $76.28 billion, a price-to-earnings ratio of 84.28, a PEG ratio of 1.10 and a beta of 1.52.

Apollo Global Management (NYSE:APO) last released its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.05. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The firm had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. Research analysts predict that Apollo Global Management will post 8.32 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.5625 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, May 19th. Apollo Global Management’s payout ratio is currently 143.31%.

Hedge Funds Weigh In On Apollo Global Management

Institutional investors have recently modified their holdings of the company. Atlantic Union Bankshares Corp lifted its holdings in Apollo Global Management by 99.0% in the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 99 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in Apollo Global Management in the fourth quarter worth about $29,000. MBM Wealth Consultants LLC acquired a new stake in Apollo Global Management in the first quarter worth about $29,000. Steigerwald Gordon & Koch Inc. lifted its holdings in Apollo Global Management by 484.1% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 213 shares during the period. Finally, Osbon Capital Management LLC acquired a new stake in Apollo Global Management in the fourth quarter worth about $36,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.