Apollo Global Management, Inc. (NYSE:APO) Receives $138.06 Consensus PT from Analysts

Apollo Global Management, Inc. (NYSE:APO) has received a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $138.06.

A number of research firms recently weighed in on APO. Redburn Partners began coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. Keefe, Bruyette & Woods increased their price objective on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Morgan Stanley increased their price objective on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Evercore ISI increased their price objective on shares of Apollo Global Management from $127.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, TD Cowen increased their price objective on shares of Apollo Global Management from $135.00 to $162.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd.

Apollo Global Management Stock Down 0.1 %

Shares of NYSE APO opened at $145.01 on Friday. The company has a 50 day simple moving average of $120.81 and a 200-day simple moving average of $116.89. The company has a market capitalization of $82.39 billion, a P/E ratio of 16.06, a P/E/G ratio of 1.39 and a beta of 1.62. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. Apollo Global Management has a 1 year low of $77.11 and a 1 year high of $146.82.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. During the same quarter in the prior year, the business earned $1.54 EPS. On average, equities research analysts predict that Apollo Global Management will post 6.66 earnings per share for the current year.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.4625 per share. The ex-dividend date was Friday, August 16th. This represents a $1.85 annualized dividend and a dividend yield of 1.28%. Apollo Global Management’s dividend payout ratio (DPR) is currently 20.49%.

Insider Buying and Selling

In related news, Director Pauline Richards purchased 2,351 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the purchase, the director now directly owns 85,854 shares of the company’s stock, valued at $9,007,801.68. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Apollo Global Management

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors raised its stake in Apollo Global Management by 40.3% during the 1st quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock worth $532,852,000 after acquiring an additional 1,360,525 shares in the last quarter. Legal & General Group Plc increased its stake in Apollo Global Management by 3.0% in the second quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock valued at $517,527,000 after purchasing an additional 126,859 shares during the period. TD Asset Management Inc increased its stake in Apollo Global Management by 3.8% in the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock valued at $318,522,000 after purchasing an additional 97,797 shares during the period. Curated Wealth Partners LLC increased its stake in Apollo Global Management by 200.3% in the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock valued at $278,945,000 after purchasing an additional 4,717,661 shares during the period. Finally, William Blair Investment Management LLC increased its stake in Apollo Global Management by 8.4% in the first quarter. William Blair Investment Management LLC now owns 1,904,212 shares of the financial services provider’s stock valued at $214,129,000 after purchasing an additional 147,710 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.