Apollo Global Management Inc. (APO) – What Are Researchers Saying About This Stock?

Apollo Global Management Inc. (NYSE:APO) has been given a consensus rating of “Moderate Buy” by the twenty analysts that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $152.60.

A number of brokerages have recently issued reports on APO. BMO Capital Markets upped their target price on shares of Apollo Global Management from $126.00 to $134.00 and gave the company a “market perform” rating in a research note on Monday, August 10th. Royal Bank Of Canada increased their price target on shares of Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. TD Cowen decreased their price target on Apollo Global Management from $159.00 to $154.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Jefferies Financial Group decreased their price target on Apollo Global Management from $138.00 to $127.00 and set a “hold” rating for the company in a research note on Tuesday, October 6th. Finally, Evercore boosted their price objective on Apollo Global Management from $145.00 to $146.00 in a report on Thursday, October 8th.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the transaction, the chief financial officer owned 396,533 shares in the company, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.30% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc acquired a new position in Apollo Global Management in the second quarter worth $459,987,000. Bank of New York Mellon Corp bought a new stake in Apollo Global Management during the second quarter valued at $336,644,000. Temasek Holdings Private Ltd increased its stake in Apollo Global Management by 214.4% during the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock valued at $263,861,000 after purchasing an additional 1,614,813 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Apollo Global Management during the second quarter worth $172,290,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Apollo Global Management during the second quarter worth $136,528,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $110.87 on Tuesday. Apollo Global Management has a 52 week low of $99.56 and a 52 week high of $153.29. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. The stock has a market cap of $65.47 billion, a P/E ratio of 40.61, a price-to-earnings-growth ratio of 0.98 and a beta of 1.58. The stock has a 50 day moving average of $126.76 and a 200-day moving average of $125.12.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same quarter last year, the company earned $1.92 earnings per share. On average, analysts expect that Apollo Global Management will post 8.00 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management’s dividend payout ratio (DPR) is currently 82.42%.

About Apollo Global Management

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.