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

Shares of Apollo Global Management Inc. (NYSE:APO) have earned an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $165.9231.

A number of analysts have weighed in on the stock. Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. UBS Group assumed coverage on shares of Apollo Global Management in a research report on Thursday, December 11th. They set a “buy” rating and a $186.00 price target for the company. Evercore ISI boosted their price objective on shares of Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. BMO Capital Markets set a $136.00 price objective on Apollo Global Management and gave the company a “market perform” rating in a research report on Tuesday, November 25th. Finally, Wolfe Research reissued an “outperform” rating on shares of Apollo Global Management in a report on Wednesday.

Apollo Global Management Stock Down 0.3%

Shares of NYSE APO opened at $145.81 on Friday. Apollo Global Management has a 12-month low of $102.58 and a 12-month high of $174.91. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $138.74 and its 200 day simple moving average is $137.88. The firm has a market cap of $84.63 billion, a PE ratio of 21.32, a P/E/G ratio of 1.26 and a beta of 1.59.

Apollo Global Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 17th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, November 17th. Apollo Global Management’s dividend payout ratio (DPR) is presently 29.82%.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the transaction, the chief financial officer owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. The trade was a 1.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

A number of large investors have recently made changes to their positions in the company. Clear Trail Advisors LLC bought a new position in Apollo Global Management in the 4th quarter worth $1,913,000. SG Americas Securities LLC raised its stake in Apollo Global Management by 1,541.9% during the 4th quarter. SG Americas Securities LLC now owns 135,395 shares of the financial services provider’s stock valued at $19,600,000 after purchasing an additional 127,149 shares during the period. Diversified Trust Co. raised its stake in Apollo Global Management by 0.6% during the 4th quarter. Diversified Trust Co. now owns 42,509 shares of the financial services provider’s stock valued at $6,154,000 after purchasing an additional 271 shares during the period. 180 Wealth Advisors LLC purchased a new position in Apollo Global Management in the 4th quarter worth approximately $501,000. Finally, Dynamic Advisor Solutions LLC boosted its stake in Apollo Global Management by 7.6% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 5,213 shares of the financial services provider’s stock worth $755,000 after purchasing an additional 369 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.