Apollo Global Management (NYSE:APO) Downgraded by Wall Street Zen to Strong Sell

Wall Street Zen lowered shares of Apollo Global Management (NYSE:APO) from a hold rating to a strong sell rating in a research report report published on Saturday,Wall Street Zen reports.

Several other research firms also recently commented on APO. Piper Sandler restated an “overweight” rating and issued a $145.00 price target on shares of Apollo Global Management in a research note on Wednesday. Evercore increased their price objective on Apollo Global Management from $145.00 to $146.00 in a research note on Thursday, October 8th. Barclays decreased their target price on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating for the company in a report on Wednesday. TD Cowen decreased their target price on Apollo Global Management from $154.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Keefe, Bruyette & Woods lowered their target price on Apollo Global Management from $135.00 to $130.00 and set a “market perform” rating for the company in a research note on Wednesday. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.68.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $116.78 on Friday. The firm has a market cap of $68.96 billion, a PE ratio of -63.81, a price-to-earnings-growth ratio of 1.09 and a beta of 1.51. Apollo Global Management has a 52-week low of $99.56 and a 52-week high of $153.29. The company has a quick ratio of 1.70, a current ratio of 1.41 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $120.79 and its two-hundred day moving average is $122.95.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Wednesday, November 18th will be paid a $0.5625 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $2.25 dividend on an annualized basis and a yield of 1.9%. Apollo Global Management’s payout ratio is currently -122.95%.

Insider Activity at Apollo Global Management

In other news, insider Whitney Chatterjee sold 7,339 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total value of $864,754.37. Following the sale, the insider directly owned 129,151 shares in the company, valued at approximately $15,217,862.33. This trade represents a 5.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the sale, the chief financial officer owned 396,533 shares in the company, valued at $55,847,707.72. The trade was a 0.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 8.30% of the company’s stock.

Institutional Trading of Apollo Global Management

A number of hedge funds and other institutional investors have recently bought and sold shares of APO. Diversified Trust Co increased its stake in Apollo Global Management by 55.7% in the third quarter. Diversified Trust Co now owns 79,127 shares of the financial services provider’s stock valued at $9,116,000 after purchasing an additional 28,301 shares during the last quarter. Aberdeen Group plc raised its holdings in Apollo Global Management by 45.1% during the third quarter. Aberdeen Group plc now owns 543,858 shares of the financial services provider’s stock worth $63,120,000 after purchasing an additional 168,950 shares in the last quarter. Carson Advisory Inc. raised its holdings in Apollo Global Management by 151.5% during the third quarter. Carson Advisory Inc. now owns 11,249 shares of the financial services provider’s stock worth $1,306,000 after purchasing an additional 6,776 shares in the last quarter. ProVise Management Group LLC lifted its position in shares of Apollo Global Management by 557.1% during the 3rd quarter. ProVise Management Group LLC now owns 20,699 shares of the financial services provider’s stock worth $2,402,000 after buying an additional 17,549 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of Apollo Global Management by 170.5% during the 3rd quarter. Moors & Cabot Inc. now owns 31,652 shares of the financial services provider’s stock worth $3,674,000 after buying an additional 19,952 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Apollo Global Management

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

• Positive Sentiment: JPMorgan Chase raised its price target on Apollo, offering a counterpoint to recent analyst reductions. The available report does not specify the new target. Article: Apollo Global Management Stock Gets Price Target Increase from JPMorgan Chase
• Positive Sentiment: UBS and Argus both maintained “buy” ratings despite lowering their targets: UBS cut its target from $163 to $160, while Argus reduced its target from $160 to $140. Their continued buy ratings indicate both firms still see potential upside from the referenced $116.78 share price. Read More. · Read More.
• Neutral Sentiment: Apollo and Goldman Sachs are reportedly seeking buyers for a roughly $40 billion SpaceX AI-chip financing deal. The potential transaction could create financing opportunities, but it remains a reported effort to place the deal, not a confirmed completed investment. Article: Goldman, Apollo in talks to sell SpaceX’s AI deal
• Neutral Sentiment: Nvidia is reportedly interested in Apollo’s struggling telecom sites as potential data-center locations. A sale or other deal could help monetize the assets, though no agreement was reported. Article: Nvidia Eyes Apollo’s Struggling Telecom Sites
• Negative Sentiment: RBC issued a pessimistic forecast, while Keefe, Bruyette & Woods and Barclays lowered their expectations for APO. Together with the Argus and UBS target cuts, the revisions point to more cautious analyst sentiment, even as some firms retain buy ratings. Read More. · Read More. · Read More.
• Negative Sentiment: A report highlighted a 6.7% one-session decline in Apollo shares, underscoring recent volatility; the article listing did not identify a specific cause for that drop. Article: Apollo Global Management Drops 6.7%

About Apollo Global Management

Apollo Global Management is a global alternative asset manager that provides investment management and retirement services. Its investment strategies span private equity, credit and real assets, including infrastructure, and it serves institutional and individual investors.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan. It has since expanded its investment businesses and retirement-services operations, including through Athene, its retirement services platform.

Apollo operates across global markets and is led by co-founder Marc Rowan, who serves as chief executive officer.