Apollo Global Management Inc. (NYSE:APO) Receives $152.77 Consensus PT from Analysts

Apollo Global Management Inc. (NYSE:APO) has been assigned an average rating of “Moderate Buy” from the seventeen analysts that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $152.7692.

A number of equities analysts have commented on APO shares. Keefe, Bruyette & Woods raised Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. Wall Street Zen upgraded Apollo Global Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Morgan Stanley cut their price target on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. BMO Capital Markets reduced their price target on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating on the stock in a research report on Monday, July 13th. Finally, HSBC initiated coverage on shares of Apollo Global Management in a report on Monday, July 20th. They set a “buy” rating and a $145.00 price objective on the stock.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were 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 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 8.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its holdings in shares of Apollo Global Management by 16.9% during the third quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 82 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in Apollo Global Management by 57.8% during the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 96 shares during the last quarter. Glen Eagle Advisors LLC boosted its stake in Apollo Global Management by 33.3% in the 4th quarter. Glen Eagle Advisors LLC now owns 384 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 96 shares during the period. Kestra Investment Management LLC grew its holdings in Apollo Global Management by 2.1% in the 4th quarter. Kestra Investment Management LLC now owns 4,725 shares of the financial services provider’s stock valued at $684,000 after buying an additional 99 shares in the last quarter. Finally, Prudential PLC increased its position in Apollo Global Management by 1.6% during the 4th quarter. Prudential PLC now owns 6,502 shares of the financial services provider’s stock worth $941,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

NYSE:APO opened at $135.39 on Monday. Apollo Global Management has a 1 year low of $99.56 and a 1 year high of $153.29. The firm has a 50 day moving average of $126.22 and a 200-day moving average of $122.79. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $79.95 billion, a P/E ratio of 49.59, a price-to-earnings-growth ratio of 1.22 and a beta of 1.51.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The business had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter last year, the company earned $1.92 earnings per share. As a group, sell-side analysts anticipate that Apollo Global Management will post 8.08 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is presently 82.42%.

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.