Apollo Global Management (NYSE:APO) Given New $156.00 Price Target at Barclays

Apollo Global Management (NYSE:APO) had its price objective lifted by Barclays from $145.00 to $156.00 in a report published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Several other research analysts also recently commented on APO. Keefe, Bruyette & Woods lowered their price objective on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley dropped their price objective on Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Raymond James began coverage on Apollo Global Management in a research note on Thursday, April 10th. They issued a “strong-buy” rating and a $173.00 price objective on the stock. TD Cowen lowered their target price on Apollo Global Management from $214.00 to $144.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Finally, Piper Sandler reduced their price target on shares of Apollo Global Management from $202.00 to $193.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.85.

Apollo Global Management Stock Performance

NYSE:APO opened at $133.81 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. Apollo Global Management has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The company has a market cap of $76.34 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.17 and a beta of 1.66. The stock has a fifty day moving average price of $132.91 and a 200-day moving average price of $152.97.

Apollo Global Management (NYSE:APO) last posted 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). The firm had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $977.14 million. Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The company’s revenue for the quarter was down 21.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.72 EPS. As a group, equities analysts anticipate that Apollo Global Management will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently disclosed 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 is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, May 16th. Apollo Global Management’s payout ratio is currently 25.31%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the sale, the insider now directly owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. The trade was a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of the business’s stock in a transaction on Friday, April 4th. The shares were acquired at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the acquisition, the insider now directly owns 621,754 shares in the company, valued at approximately $69,257,178.06. This represents a 4,331.92 % increase in their position. The disclosure for this purchase can be found here. Insiders own 8.50% of the company’s stock.

Institutional Trading of Apollo Global Management

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Apollo Global Management by 8.9% in the fourth quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider’s stock valued at $7,454,560,000 after purchasing an additional 3,691,700 shares in the last quarter. Geode Capital Management LLC increased its position in Apollo Global Management by 64.6% in the 4th quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider’s stock valued at $1,550,316,000 after buying an additional 3,695,979 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Apollo Global Management by 36.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider’s stock worth $1,065,615,000 after buying an additional 1,739,807 shares during the period. Northern Trust Corp boosted its holdings in Apollo Global Management by 50.0% in the fourth quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider’s stock worth $723,853,000 after acquiring an additional 1,460,689 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Apollo Global Management by 60.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider’s stock valued at $479,057,000 after acquiring an additional 1,094,464 shares during the period. Institutional investors 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, 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.