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

Shares of Apollo Global Management Inc. (NYSE:APOGet Free Report) have been assigned an average rating of “Moderate Buy” from the nineteen analysts that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $158.1333.

APO has been the subject of a number of recent research reports. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 price objective on shares of Apollo Global Management in a research report on Monday, February 9th. Barclays decreased their target price on Apollo Global Management from $158.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. Piper Sandler reiterated an “overweight” rating and set a $165.00 target price on shares of Apollo Global Management in a research report on Tuesday, February 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a report on Monday, December 29th. Finally, Morgan Stanley upped their price target on Apollo Global Management from $180.00 to $181.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th.

Get Our Latest Analysis on APO

Hedge Funds Weigh In On Apollo Global Management

Several large investors have recently added to or reduced their stakes in APO. Delos Wealth Advisors LLC bought a new stake in shares of Apollo Global Management during the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp lifted its stake in shares of Apollo Global Management by 99.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after buying an additional 99 shares in the last quarter. Sound Income Strategies LLC bought a new position in Apollo Global Management in the 3rd quarter worth $28,000. SJS Investment Consulting Inc. boosted its holdings in Apollo Global Management by 1,123.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after buying an additional 191 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Apollo Global Management in the 4th quarter worth $29,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $109.74 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $63.46 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 0.89 and a beta of 1.60. The firm’s 50 day moving average price is $120.77 and its 200-day moving average price is $130.40. Apollo Global Management has a twelve month low of $99.56 and a twelve month high of $157.28.

Apollo Global Management (NYSE:APOGet Free Report) last announced its 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 net margin of 10.90% and a return on equity of 15.25%. The company had revenue of $9.86 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $2.39 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. Equities research analysts expect that Apollo Global Management will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 19th were paid 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 dividend yield of 1.9%. Apollo Global Management’s payout ratio is 36.96%.

Apollo Global Management News Summary

Here are the key news stories impacting Apollo Global Management this week:

Apollo Global Management Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Apollo Global Management (NYSE:APO)

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