Apollo Global Management (NYSE:APO) has earned a consensus recommendation of “Buy” from the fifteen research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $36.73.
A number of research analysts recently commented on the stock. Oppenheimer reiterated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, May 3rd. Deutsche Bank boosted their price objective on shares of Apollo Global Management from $32.00 to $33.00 and gave the company a “hold” rating in a report on Friday, May 4th. Morgan Stanley cut their price objective on shares of Apollo Global Management from $42.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, April 10th. ValuEngine downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Wednesday, April 4th.
In other news, CFO Martin Kelly sold 18,000 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $30.42, for a total transaction of $547,560.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joshua Harris sold 125,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $33.30, for a total transaction of $4,162,500.00. The disclosure for this sale can be found here. Insiders acquired a total of 201,800 shares of company stock valued at $5,944,184 in the last three months. Insiders own 4.11% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Apollo Global Management by 29.2% during the 1st quarter. JPMorgan Chase & Co. now owns 6,270,356 shares of the financial services provider’s stock worth $185,727,000 after acquiring an additional 1,415,957 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Apollo Global Management by 5.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,338,136 shares of the financial services provider’s stock worth $158,116,000 after acquiring an additional 267,942 shares during the period. HMI Capital LLC lifted its holdings in shares of Apollo Global Management by 11.5% during the 1st quarter. HMI Capital LLC now owns 4,519,028 shares of the financial services provider’s stock worth $133,854,000 after acquiring an additional 464,814 shares during the period. TimesSquare Capital Management LLC lifted its holdings in shares of Apollo Global Management by 1.9% during the 4th quarter. TimesSquare Capital Management LLC now owns 3,821,500 shares of the financial services provider’s stock worth $127,906,000 after acquiring an additional 70,200 shares during the period. Finally, CDAM UK Ltd bought a new stake in shares of Apollo Global Management during the 4th quarter worth approximately $77,206,000. 71.11% of the stock is owned by institutional investors.
Apollo Global Management traded down $0.04, reaching $32.19, on Thursday, according to MarketBeat. The company had a trading volume of 303,056 shares, compared to its average volume of 1,055,819. Apollo Global Management has a fifty-two week low of $25.61 and a fifty-two week high of $37.35. The firm has a market cap of $6.51 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 2.96 and a beta of 1.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.10 and a current ratio of 1.10.
Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Thursday, May 3rd. The financial services provider reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.26). Apollo Global Management had a net margin of 19.52% and a return on equity of 44.70%. The company had revenue of $149.62 million during the quarter, compared to analyst estimates of $215.07 million. During the same quarter last year, the company posted $0.82 EPS. The firm’s quarterly revenue was down 77.5% on a year-over-year basis. equities analysts forecast that Apollo Global Management will post 1.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Friday, May 18th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Thursday, May 17th. Apollo Global Management’s dividend payout ratio is currently 42.58%.
Apollo Global Management Company Profile
Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds and mutual funds for its clients.
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