Apollo Global Management Inc. (NYSE:APO) Stock Has Consensus Target Price of $145.68

Shares of Apollo Global Management Inc. (NYSE:APO) have been assigned an average recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $145.21.

Several analysts have recently commented on the stock. Argus lowered their target price on shares of Apollo Global Management from $160.00 to $140.00 and set a “buy” rating for the company in a report on Friday. TD Cowen cut their price target on shares of Apollo Global Management from $154.00 to $136.00 and set a “buy” rating on the stock in a report on Wednesday, November 4th. Bank of America reduced their price objective on shares of Apollo Global Management from $163.00 to $161.00 in a research report on Monday, October 5th. Keefe, Bruyette & Woods decreased their price objective on shares of Apollo Global Management from $135.00 to $130.00 and set a “market perform” rating for the company in a research note on Wednesday, November 4th. Finally, Morgan Stanley dropped their target price on shares of Apollo Global Management from $150.00 to $149.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 4th.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $122.24 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42. The stock has a market cap of $72.19 billion, a PE ratio of -66.80, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51. The stock’s fifty day simple moving average is $120.53 and its two-hundred day simple moving average is $122.86. Apollo Global Management has a 1-year low of $99.56 and a 1-year high of $153.29.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Wednesday, November 18th will be issued a $0.5625 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.25 annualized dividend and a dividend yield of 1.8%. Apollo Global Management’s dividend payout ratio is currently -122.95%.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 0.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Whitney Chatterjee sold 7,339 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $117.83, for a total transaction of $864,754.37. Following the completion of the sale, the insider directly owned 129,151 shares in the company, valued at $15,217,862.33. This trade represents a 5.38% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 8.30% of the company’s stock.

Institutional Trading of Apollo Global Management

Hedge funds have recently made changes to their positions in the company. Danske Bank A S grew its stake in shares of Apollo Global Management by 19.7% during the 3rd quarter. Danske Bank A S now owns 232,290 shares of the financial services provider’s stock worth $26,960,000 after acquiring an additional 38,300 shares during the period. Diversified Trust Co increased its holdings in Apollo Global Management by 55.7% in the 3rd quarter. Diversified Trust Co now owns 79,127 shares of the financial services provider’s stock worth $9,116,000 after acquiring an additional 28,301 shares during the last quarter. Aberdeen Group plc increased its holdings in Apollo Global Management by 45.1% in the 3rd quarter. Aberdeen Group plc now owns 543,858 shares of the financial services provider’s stock worth $63,120,000 after acquiring an additional 168,950 shares during the last quarter. Carson Advisory Inc. raised its stake in Apollo Global Management by 151.5% in the 3rd quarter. Carson Advisory Inc. now owns 11,249 shares of the financial services provider’s stock valued at $1,306,000 after acquiring an additional 6,776 shares during the period. Finally, ProVise Management Group LLC raised its stake in Apollo Global Management by 557.1% in the 3rd quarter. ProVise Management Group LLC now owns 20,699 shares of the financial services provider’s stock valued at $2,402,000 after acquiring an additional 17,549 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Company Profile

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.