JMP Securities Reiterates Market Perform Rating for Apollo Global Management (NYSE:APO)

JMP Securities reissued their market perform rating on shares of Apollo Global Management (NYSE:APO) in a report issued on Tuesday morning, Benzinga reports.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of Apollo Global Management in a research note on Wednesday, February 28th. They set an overweight rating and a $122.00 price objective for the company. Barclays raised their price objective on shares of Apollo Global Management from $122.00 to $133.00 and gave the stock an overweight rating in a research note on Monday. Morgan Stanley raised their price objective on shares of Apollo Global Management from $94.00 to $99.00 and gave the stock an equal weight rating in a research note on Wednesday, January 24th. BMO Capital Markets raised their price objective on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an outperform rating in a research note on Friday, April 5th. Finally, TD Cowen assumed coverage on shares of Apollo Global Management in a research note on Thursday, January 4th. They set an outperform rating and a $115.00 price objective for the company. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $110.62.

Apollo Global Management Price Performance

APO stock opened at $111.86 on Tuesday. The firm has a 50 day moving average of $110.37 and a 200-day moving average of $97.45. Apollo Global Management has a 12-month low of $57.50 and a 12-month high of $117.15. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34. The company has a market cap of $63.55 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.97 and a beta of 1.63.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. The company had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. As a group, equities analysts expect that Apollo Global Management will post 7.48 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were paid a $0.43 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.72 annualized dividend and a yield of 1.54%. Apollo Global Management’s payout ratio is currently 20.45%.

Insider Activity

In other news, insider Whitney Chatterjee sold 12,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $111.10, for a total transaction of $1,333,200.00. Following the completion of the sale, the insider now directly owns 123,901 shares of the company’s stock, valued at approximately $13,765,401.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Whitney Chatterjee sold 12,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $111.10, for a total transaction of $1,333,200.00. Following the completion of the sale, the insider now directly owns 123,901 shares of the company’s stock, valued at approximately $13,765,401.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James C. Zelter sold 150,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the sale, the insider now directly owns 1,454,588 shares of the company’s stock, valued at $158,782,826.08. The disclosure for this sale can be found here. Insiders sold 1,426,000 shares of company stock valued at $158,226,960 in the last ninety days. Company insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sugarloaf Wealth Management LLC acquired a new position in shares of Apollo Global Management during the 4th quarter valued at $31,000. DSM Capital Partners LLC acquired a new position in shares of Apollo Global Management during the 4th quarter valued at $31,000. True Wealth Design LLC acquired a new position in shares of Apollo Global Management during the 4th quarter valued at $33,000. CVA Family Office LLC acquired a new position in shares of Apollo Global Management during the 4th quarter valued at $34,000. Finally, Blue Trust Inc. lifted its holdings in shares of Apollo Global Management by 151.4% during the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 221 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.