Apollo Global Management Inc. (NYSE:APO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Apollo Global Management Inc. (NYSE:APO) have received an average recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $161.2667.

A number of research firms have recently commented on APO. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a report on Monday, December 29th. Argus upgraded shares of Apollo Global Management to a “strong-buy” rating in a research report on Thursday, February 19th. UBS Group dropped their price objective on shares of Apollo Global Management from $182.00 to $152.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th.

Apollo Global Management Stock Down 8.8%

NYSE APO opened at $104.31 on Monday. The business has a fifty day moving average price of $135.30 and a two-hundred day moving average price of $134.00. The stock has a market capitalization of $60.54 billion, a PE ratio of 18.90, a PEG ratio of 0.84 and a beta of 1.61. Apollo Global Management has a fifty-two week low of $102.58 and a fifty-two week high of $157.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.31.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $2.39 EPS. Equities analysts expect that Apollo Global Management will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 19th were given a dividend of $0.51 per share. The ex-dividend date was Thursday, February 19th. This represents a $2.04 dividend on an annualized basis and a yield of 2.0%. Apollo Global Management’s payout ratio is currently 36.96%.

Hedge Funds Weigh In On Apollo Global Management

Several large investors have recently bought and sold shares of the company. Boston Partners boosted its position in Apollo Global Management by 106.7% during the fourth quarter. Boston Partners now owns 3,278,862 shares of the financial services provider’s stock valued at $474,384,000 after acquiring an additional 1,692,532 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Apollo Global Management by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 47,419,652 shares of the financial services provider’s stock valued at $6,319,617,000 after purchasing an additional 1,377,545 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Apollo Global Management by 2,560.3% during the 4th quarter. Focus Partners Wealth now owns 1,404,576 shares of the financial services provider’s stock valued at $203,324,000 after purchasing an additional 1,351,778 shares in the last quarter. Corient Private Wealth LLC grew its stake in Apollo Global Management by 271.8% during the fourth quarter. Corient Private Wealth LLC now owns 1,024,143 shares of the financial services provider’s stock worth $148,255,000 after purchasing an additional 748,697 shares during the period. Finally, Temasek Holdings Private Ltd increased its holdings in Apollo Global Management by 879.2% in the fourth quarter. Temasek Holdings Private Ltd now owns 753,349 shares of the financial services provider’s stock worth $109,055,000 after purchasing an additional 676,411 shares in the last quarter. 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.