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

Shares of Apollo Global Management, Inc. (NYSE:APO) have received a consensus recommendation of “Moderate Buy” from the twenty analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $155.85.

A number of brokerages have recently issued reports on APO. Barclays increased their price objective on shares of Apollo Global Management from $145.00 to $156.00 and gave the company an “overweight” rating in a research note on Monday. Keefe, Bruyette & Woods dropped their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Piper Sandler lowered their price objective on Apollo Global Management from $193.00 to $174.00 and set an “overweight” rating for the company in a research report on Monday. Morgan Stanley cut their price target on Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Finally, Citigroup decreased their price objective on shares of Apollo Global Management from $191.00 to $138.00 and set a “buy” rating for the company in a report on Tuesday, April 8th.

Insider Buying and Selling

In other news, insider Leon D. Black sold 500,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the transaction, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. This represents a 1.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the sale, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by company insiders.

Institutional Trading of Apollo Global Management

Several hedge funds have recently bought and sold shares of APO. Fourth Dimension Wealth LLC purchased a new stake in Apollo Global Management in the 4th quarter worth approximately $25,000. GW&K Investment Management LLC increased its stake in shares of Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 87 shares in the last quarter. ORG Partners LLC raised its position in shares of Apollo Global Management by 285.0% during the 1st quarter. ORG Partners LLC now owns 231 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 171 shares during the period. Hopwood Financial Services Inc. purchased a new position in shares of Apollo Global Management during the 4th quarter valued at $33,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management in the 4th quarter worth $34,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

APO stock opened at $133.81 on Tuesday. Apollo Global Management has a one year low of $95.11 and a one year high of $189.49. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $76.34 billion, a PE ratio of 18.31, a P/E/G ratio of 1.17 and a beta of 1.66. The firm has a 50-day moving average of $132.91 and a two-hundred day moving average of $152.97.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.02). Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The business had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $977.14 million. During the same period in the previous year, the business posted $1.72 EPS. Apollo Global Management’s revenue was down 21.2% compared to the same quarter last year. On average, analysts forecast that Apollo Global Management will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.52%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, May 16th. Apollo Global Management’s dividend payout ratio is presently 25.31%.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.