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

Apollo Global Management, Inc. (NYSE:APO) has earned a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $115.62.

Several equities analysts have recently commented on APO shares. BMO Capital Markets upped their price objective on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. Jefferies Financial Group dropped their price objective on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Evercore ISI boosted their price objective on Apollo Global Management from $120.00 to $128.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Finally, Barclays lowered their target price on Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Friday, May 3rd.

Apollo Global Management Price Performance

APO stock opened at $115.90 on Friday. Apollo Global Management has a 52-week low of $72.44 and a 52-week high of $119.69. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.37. The stock has a market cap of $65.85 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 0.97 and a beta of 1.61. The business has a fifty day moving average of $112.82 and a two-hundred day moving average of $105.87.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. The business had revenue of $839.00 million for the quarter, compared to analyst estimates of $827.33 million. As a group, research analysts anticipate that Apollo Global Management will post 7.19 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a $0.463 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Thursday, May 16th. Apollo Global Management’s dividend payout ratio is presently 20.49%.

Insider Activity

In related news, insider Leon D. Black sold 450,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $110.71, for a total transaction of $49,819,500.00. Following the completion of the sale, the insider now owns 42,604,773 shares in the company, valued at approximately $4,716,774,418.83. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Apollo Global Management news, insider Leon D. Black sold 450,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $110.71, for a total transaction of $49,819,500.00. Following the completion of the sale, the insider now directly owns 42,604,773 shares of the company’s stock, valued at approximately $4,716,774,418.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 30,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the transaction, the chief financial officer now directly owns 359,445 shares of the company’s stock, valued at $40,002,634.05. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company’s stock.

Institutional Trading of Apollo Global Management

Institutional investors have recently modified their holdings of the business. Sugarloaf Wealth Management LLC acquired a new stake in Apollo Global Management in the fourth quarter valued at $31,000. DSM Capital Partners LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at about $31,000. J.Safra Asset Management Corp boosted its holdings in Apollo Global Management by 709.3% during the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after buying an additional 305 shares in the last quarter. True Wealth Design LLC acquired a new position in Apollo Global Management during the fourth quarter worth about $33,000. Finally, CVA Family Office LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter valued at approximately $34,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.