Apollo Global Management, Inc. (NYSE:APO) Receives $164.63 Consensus Target Price from Analysts

Apollo Global Management, Inc. (NYSE:APO) has earned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $164.63.

A number of equities analysts have issued reports on the company. Morgan Stanley lifted their price target on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods increased their price objective on shares of Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Piper Sandler boosted their target price on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Barclays increased their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd.

Apollo Global Management Stock Up 1.9 %

Apollo Global Management stock opened at $169.06 on Wednesday. The firm has a market capitalization of $95.66 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.84 and a beta of 1.63. The firm’s fifty day moving average price is $166.64 and its two-hundred day moving average price is $136.62. Apollo Global Management has a 1-year low of $92.93 and a 1-year high of $189.49. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a $0.463 dividend. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

Insider Activity

In other news, insider Leon D. Black sold 133,400 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the transaction, the insider now directly owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the transaction, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Apollo Global Management

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA bought a new position in Apollo Global Management in the 2nd quarter worth about $62,972,000. Marshall Wace LLP increased its position in shares of Apollo Global Management by 74.5% in the second quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider’s stock worth $112,836,000 after purchasing an additional 408,105 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Apollo Global Management by 27.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock valued at $225,600,000 after purchasing an additional 383,557 shares in the last quarter. International Assets Investment Management LLC lifted its position in Apollo Global Management by 12,086.7% during the third quarter. International Assets Investment Management LLC now owns 370,233 shares of the financial services provider’s stock valued at $462,460,000 after purchasing an additional 367,195 shares during the last quarter. Finally, Holocene Advisors LP grew its stake in Apollo Global Management by 530.9% in the 3rd quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider’s stock worth $50,242,000 after buying an additional 338,472 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 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.