Apollo Global Management Inc. (NYSE:APO) Receives $151.23 Consensus Price Target from Brokerages

Apollo Global Management Inc. (NYSE:APO) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $151.2308.

APO has been the subject of a number of recent research reports. BMO Capital Markets decreased their price objective on Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating for the company in a report on Tuesday, March 24th. Royal Bank Of Canada upped their price target on Apollo Global Management from $139.00 to $146.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. TD Cowen lowered their price objective on Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Morgan Stanley cut their price objective on Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Finally, Barclays increased their target price on shares of Apollo Global Management from $125.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th.

Insiders Place Their Bets

In related news, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the transaction, the insider owned 3,063,696 shares of the company’s stock, valued at $400,302,519.36. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in APO. 180 Wealth Advisors LLC lifted its stake in shares of Apollo Global Management by 2.4% in the 2nd quarter. 180 Wealth Advisors LLC now owns 5,571 shares of the financial services provider’s stock valued at $659,000 after purchasing an additional 131 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in Apollo Global Management by 11.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 5,670 shares of the financial services provider’s stock worth $671,000 after purchasing an additional 600 shares in the last quarter. GAMMA Investing LLC lifted its stake in Apollo Global Management by 48.0% in the second quarter. GAMMA Investing LLC now owns 5,712 shares of the financial services provider’s stock valued at $676,000 after buying an additional 1,852 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Apollo Global Management by 11.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,720 shares of the financial services provider’s stock worth $203,000 after buying an additional 181 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Apollo Global Management by 81.8% during the 2nd quarter. Versant Capital Management Inc now owns 989 shares of the financial services provider’s stock worth $117,000 after buying an additional 445 shares during the period. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Stock Down 2.3%

NYSE:APO opened at $119.32 on Friday. Apollo Global Management has a one year low of $99.56 and a one year high of $157.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market cap of $68.79 billion, a PE ratio of 76.00, a P/E/G ratio of 1.05 and a beta of 1.50. The firm’s 50 day simple moving average is $128.64 and its 200 day simple moving average is $126.45.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.05. The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The company’s revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.82 EPS. On average, research analysts anticipate that Apollo Global Management will post 8.27 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 1.9%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, May 19th. Apollo Global Management’s dividend payout ratio is currently 143.31%.

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.