Apollo Global Management (NYSE:APO) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Apollo Global Management (NYSE:APO) to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada lowered their price objective on Apollo Global Management from $146.00 to $137.00 and set a “sector perform” rating for the company in a research report on Monday, July 13th. BMO Capital Markets dropped their target price on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating on the stock in a research report on Monday, July 13th. TD Cowen cut their price target on shares of Apollo Global Management from $155.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Barclays boosted their price target on shares of Apollo Global Management from $131.00 to $132.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, Evercore restated an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $149.08.

Apollo Global Management Stock Up 0.6%

NYSE:APO opened at $119.16 on Monday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $68.70 billion, a price-to-earnings ratio of 75.90, a price-to-earnings-growth ratio of 1.03 and a beta of 1.50. Apollo Global Management has a 52 week low of $99.56 and a 52 week high of $153.43. The stock’s fifty day moving average is $126.76 and its two-hundred day moving average is $124.34.

Apollo Global Management (NYSE:APO) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The company had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period last year, the business posted $1.82 EPS. Apollo Global Management’s revenue for the quarter was down 8.8% on a year-over-year basis. Research analysts anticipate that Apollo Global Management will post 8.22 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.5625 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.9%. Apollo Global Management’s dividend payout ratio (DPR) is currently 143.31%.

Insider Activity at Apollo Global Management

In related news, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total value of $6,355,825.04. Following the sale, the insider directly owned 3,063,696 shares in the company, valued at $400,302,519.36. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Schnieders Capital Management LLC. acquired a new position in shares of Apollo Global Management during the 2nd quarter worth $7,954,000. Baird Financial Group Inc. lifted its stake in shares of Apollo Global Management by 117.5% in the second quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock valued at $2,287,000 after purchasing an additional 8,709 shares during the period. Gamco Investors INC. ET AL lifted its stake in shares of Apollo Global Management by 4.8% in the second quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock valued at $949,000 after purchasing an additional 305 shares during the period. Nebula Research & Development LLC purchased a new stake in Apollo Global Management during the second quarter worth about $722,000. Finally, Northern Right Capital Management L.P. boosted its holdings in Apollo Global Management by 1.5% during the second quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock worth $24,542,000 after buying an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

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.