Apollo Global Management Inc. (NYSE:APO) Stock Has Average Price Target of $152.15 According to Brokerages

Shares of Apollo Global Management Inc. (NYSE:APO) have been given a consensus rating of “Moderate Buy” by the seventeen brokerages that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $152.15.

A number of research analysts have weighed in on the company. Piper Sandler decreased their price target on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Wall Street Zen raised Apollo Global Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. HSBC began coverage on shares of Apollo Global Management in a research note on Monday, July 20th. They issued a “buy” rating and a $145.00 target price for the company. Weiss Ratings raised shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Finally, TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, August 6th.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the sale, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 8.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in Apollo Global Management by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 10,198,837 shares of the financial services provider’s stock worth $1,469,793,000 after purchasing an additional 200,312 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Apollo Global Management by 4.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock valued at $669,372,000 after purchasing an additional 234,517 shares during the period. Legal & General Group Plc bought a new position in shares of Apollo Global Management in the second quarter valued at about $459,987,000. Boston Partners lifted its stake in shares of Apollo Global Management by 106.7% during the 4th quarter. Boston Partners now owns 3,278,862 shares of the financial services provider’s stock worth $474,384,000 after buying an additional 1,692,532 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Apollo Global Management by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 2,901,110 shares of the financial services provider’s stock worth $323,242,000 after buying an additional 188,668 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Trading Down 3.0%

Shares of NYSE:APO opened at $120.60 on Friday. The company’s 50-day moving average price is $129.22 and its two-hundred day moving average price is $124.35. Apollo Global Management has a one year low of $99.56 and a one year high of $153.29. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market capitalization of $71.22 billion, a PE ratio of 44.17, a price-to-earnings-growth ratio of 1.09 and a beta of 1.52.

Apollo Global Management (NYSE:APO) last released its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The company had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same period in the prior year, the firm posted $1.92 EPS. On average, equities analysts forecast that Apollo Global Management will post 8.08 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were paid a $0.5625 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.25 annualized dividend and a yield of 1.9%. Apollo Global Management’s dividend payout ratio is currently 82.42%.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and retirement services. The company serves institutional investors, businesses and individual investors through a range of strategies focused on private equity, credit, real assets and other long-term investments.

Apollo’s asset-management business invests across industries and geographies, with activities that include corporate and structured credit, private equity, infrastructure, real estate and hybrid strategies.