Apollo Global Management (NYSE:APO) PT Raised to $128.00 at Evercore ISI

Apollo Global Management (NYSE:APO) had its price target lifted by Evercore ISI from $120.00 to $128.00 in a report published on Friday, Benzinga reports. Evercore ISI currently has an outperform rating on the financial services provider’s stock.

A number of other research analysts also recently issued reports on APO. Barclays lowered their price target on shares of Apollo Global Management from $133.00 to $131.00 and set an overweight rating for the company in a report on Friday. BMO Capital Markets boosted their target price 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. Keefe, Bruyette & Woods raised their price target on Apollo Global Management from $122.00 to $131.00 and gave the company an outperform rating in a research note on Thursday, March 7th. TD Cowen began 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. Finally, JPMorgan Chase & Co. increased their price objective on Apollo Global Management from $122.00 to $123.00 and gave the company an overweight rating in a report on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $114.31.

Apollo Global Management Stock Down 2.3 %

Apollo Global Management stock opened at $109.46 on Friday. The firm has a market capitalization of $62.19 billion, a P/E ratio of 12.12, a P/E/G ratio of 0.92 and a beta of 1.61. The stock’s fifty day simple moving average is $111.11 and its 200-day simple moving average is $100.05. Apollo Global Management has a twelve month low of $57.50 and a twelve 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.

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 return on equity of 20.77% and a net margin of 16.27%. The company had revenue of $795.00 million for the quarter, compared to analyst estimates of $823.27 million. As a group, equities analysts expect that Apollo Global Management will post 7.43 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.69%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 16th. Apollo Global Management’s payout ratio is presently 19.05%.

Insider Buying and Selling

In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of Apollo Global Management stock in a transaction on Monday, February 12th. The shares were sold at an average price of $109.16, for a total value of $16,374,000.00. Following the transaction, the insider now directly owns 1,454,588 shares in the company, valued at $158,782,826.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Apollo Global Management news, insider Whitney Chatterjee sold 12,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, February 20th. The stock was 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 in the company, valued at approximately $13,765,401.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James C. Zelter sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.16, for a total value of $16,374,000.00. Following the completion of the transaction, the insider now directly owns 1,454,588 shares in the company, valued at approximately $158,782,826.08. The disclosure for this sale can be found here. Insiders sold a total of 1,426,000 shares of company stock worth $158,226,960 in the last 90 days. Company insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

A number of hedge funds and other institutional investors have recently bought and sold shares of APO. Norges Bank acquired a new stake in shares of Apollo Global Management in the 4th quarter worth $586,016,000. TD Asset Management Inc raised its holdings in Apollo Global Management by 4,248.9% during the fourth quarter. TD Asset Management Inc now owns 2,459,235 shares of the financial services provider’s stock worth $229,176,000 after purchasing an additional 2,402,686 shares in the last quarter. FMR LLC lifted its position in Apollo Global Management by 18.9% in the third quarter. FMR LLC now owns 9,948,454 shares of the financial services provider’s stock valued at $892,973,000 after purchasing an additional 1,584,201 shares during the period. PointState Capital LP purchased a new stake in Apollo Global Management in the 3rd quarter valued at approximately $98,382,000. Finally, Third Point LLC acquired a new position in Apollo Global Management during the 4th quarter worth approximately $83,871,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

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.