Apollo Global Management Inc. (NYSE:APO) Receives $150.75 Average Price Target from Analysts

Apollo Global Management Inc. (NYSE:APO) has received a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $150.3846.

A number of research firms have recently commented on APO. Barclays boosted their price objective on Apollo Global Management from $125.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. TD Cowen dropped their price target on Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a research report on Monday. Piper Sandler dropped their price target on Apollo Global Management from $165.00 to $146.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Evercore reiterated an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. Finally, BMO Capital Markets dropped their price target on Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating for the company in a research report on Tuesday, March 24th.

Apollo Global Management Stock Down 0.9%

Apollo Global Management stock opened at $134.21 on Friday. The stock has a market capitalization of $77.38 billion, a PE ratio of 85.49, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52. Apollo Global Management has a 12 month low of $99.56 and a 12 month high of $157.28. The business has a 50 day simple moving average of $116.97 and a 200-day simple moving average of $127.80. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The business’s revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 earnings per share. On average, analysts anticipate that Apollo Global Management will post 8.36 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be given a dividend of $0.5625 per share. The ex-dividend date is Tuesday, May 19th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is presently 129.94%.

Institutional Trading of Apollo Global Management

Large investors have recently made changes to their positions in the company. Atlantic Union Bankshares Corp increased its position in shares of Apollo Global Management by 99.0% during the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 99 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Apollo Global Management in the 4th quarter valued at $29,000. Osbon Capital Management LLC purchased a new stake in Apollo Global Management in the 4th quarter valued at $36,000. Steigerwald Gordon & Koch Inc. grew its holdings in Apollo Global Management by 484.1% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after buying an additional 213 shares in the last quarter. Finally, MBM Wealth Consultants LLC purchased a new stake in Apollo Global Management in the 1st quarter valued at $29,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.