Apollo Global Management, Inc. (NYSE:APO) Given Consensus Rating of “Moderate Buy” by Brokerages

Apollo Global Management, Inc. (NYSE:APO) has been given an average rating of “Moderate Buy” by the twelve analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $113.33.

Several equities analysts have recently weighed in on APO shares. Citigroup raised their price objective on Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. JMP Securities reiterated a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Morgan Stanley lifted their price target on Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. BMO Capital Markets lifted their price target on Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Finally, TD Cowen initiated coverage on Apollo Global Management in a report on Thursday, January 4th. They set an “outperform” rating and a $115.00 price target for the company.

Insider Activity

In related news, insider Whitney Chatterjee sold 12,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $111.10, for a total value of $1,333,200.00. Following the transaction, the insider now directly owns 123,901 shares of the company’s stock, valued at $13,765,401.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $111.44, for a total value of $55,720,000.00. Following the transaction, the insider now directly owns 44,104,773 shares of the company’s stock, valued at $4,915,035,903.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Whitney Chatterjee sold 12,000 shares of Apollo Global Management stock in a transaction that occurred 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 transaction, the insider now directly owns 123,901 shares in the company, valued at $13,765,401.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,426,000 shares of company stock worth $158,226,960. Corporate insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of Apollo Global Management by 4.0% during the third quarter. CWM LLC now owns 5,558 shares of the financial services provider’s stock worth $499,000 after buying an additional 215 shares during the last quarter. AE Wealth Management LLC grew its stake in shares of Apollo Global Management by 80.0% during the third quarter. AE Wealth Management LLC now owns 5,437 shares of the financial services provider’s stock worth $488,000 after buying an additional 2,416 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Apollo Global Management by 55.3% during the third quarter. SG Americas Securities LLC now owns 9,587 shares of the financial services provider’s stock worth $861,000 after buying an additional 3,415 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Apollo Global Management by 3.1% during the third quarter. DAVENPORT & Co LLC now owns 7,294 shares of the financial services provider’s stock worth $655,000 after buying an additional 219 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Apollo Global Management by 21,540.9% during the third quarter. Exchange Traded Concepts LLC now owns 4,761 shares of the financial services provider’s stock worth $427,000 after buying an additional 4,739 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $111.88 on Friday. The stock has a market capitalization of $63.57 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.95 and a beta of 1.63. The business has a 50-day moving average of $111.24 and a 200-day moving average of $99.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54. Apollo Global Management has a fifty-two week low of $57.50 and a fifty-two week high of $117.15.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.11. The company had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $823.27 million. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. As a group, sell-side analysts predict that Apollo Global Management will post 7.44 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

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

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.