Apollo Global Management, Inc. (NYSE:APO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Apollo Global Management, Inc. (NYSE:APOGet Free Report) has received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $118.08.

A number of equities analysts recently weighed in on the stock. TD Cowen lifted their price objective on shares of Apollo Global Management from $146.00 to $147.00 and gave the company a “buy” rating in a research report on Monday. JMP Securities reiterated a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. JPMorgan Chase & Co. increased their price target on shares of Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Barclays lowered their price objective on Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Finally, Jefferies Financial Group cut their target price on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, May 9th.

Get Our Latest Stock Analysis on APO

Apollo Global Management Price Performance

Shares of APO opened at $116.67 on Wednesday. The company has a market capitalization of $66.29 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 0.98 and a beta of 1.59. Apollo Global Management has a fifty-two week low of $75.39 and a fifty-two week high of $120.80. The firm has a 50-day simple moving average of $115.33 and a 200-day simple moving average of $109.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 1.60.

Apollo Global Management (NYSE:APOGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). The company had revenue of $839.00 million for the quarter, compared to analyst estimates of $827.33 million. Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. On average, equities research analysts anticipate that Apollo Global Management will post 7.14 earnings per share for the current year.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were given a $0.463 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 annualized dividend and a dividend yield of 1.59%. Apollo Global Management’s payout ratio is currently 20.49%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total value of $3,338,700.00. Following the sale, the chief financial officer now owns 359,445 shares of the company’s stock, valued at $40,002,634.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.50% of the stock is currently owned by insiders.

Institutional Trading of Apollo Global Management

Several institutional investors and hedge funds have recently made changes to their positions in APO. Sugarloaf Wealth Management LLC acquired a new position in Apollo Global Management in the 4th quarter valued at about $31,000. DSM Capital Partners LLC acquired a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $31,000. Blue Trust Inc. lifted its stake in shares of Apollo Global Management by 151.4% during the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after buying an additional 221 shares during the period. True Wealth Design LLC acquired a new stake in Apollo Global Management during the fourth quarter worth approximately $33,000. Finally, CVA Family Office LLC purchased a new stake in Apollo Global Management in the 4th quarter worth approximately $34,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

About Apollo Global Management

(Get Free Report

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.

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Analyst Recommendations for Apollo Global Management (NYSE:APO)

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