Apollo Global Management LLC (NYSE:APO) has received a consensus recommendation of “Buy” from the fourteen research firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $36.33.
A number of brokerages have recently commented on APO. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $43.00 price target on shares of Apollo Global Management in a research report on Thursday, February 1st. Zacks Investment Research raised Apollo Global Management from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Monday, November 6th. Jefferies Group upped their price objective on Apollo Global Management from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Credit Suisse Group upped their price objective on Apollo Global Management from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $39.00 price objective (up from $34.00) on shares of Apollo Global Management in a research report on Thursday, November 2nd.
Shares of Apollo Global Management (NYSE APO) traded down $1.45 on Tuesday, hitting $32.70. The stock had a trading volume of 2,286,114 shares, compared to its average volume of 1,193,975. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.26 and a current ratio of 2.26. Apollo Global Management has a 12-month low of $22.06 and a 12-month high of $37.35. The company has a market cap of $6,330.00, a PE ratio of 7.53, a P/E/G ratio of 0.99 and a beta of 1.03.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 21st will be given a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.39. This represents a $2.64 annualized dividend and a yield of 8.07%. Apollo Global Management’s dividend payout ratio is 60.83%.
In other news, insider Joshua Harris sold 4,500,000 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $34.00, for a total transaction of $153,000,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 15,000 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $34.25, for a total value of $513,750.00. The disclosure for this sale can be found here. Insiders sold a total of 4,943,501 shares of company stock worth $168,145,140 over the last ninety days. 4.11% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in APO. Stelac Advisory Services LLC bought a new position in shares of Apollo Global Management during the 3rd quarter valued at $117,000. Pinnacle Holdings LLC lifted its holdings in shares of Apollo Global Management by 496.1% during the 4th quarter. Pinnacle Holdings LLC now owns 3,785 shares of the financial services provider’s stock valued at $127,000 after buying an additional 3,150 shares during the period. Camarda Financial Advisors LLC bought a new position in shares of Apollo Global Management during the 4th quarter valued at $186,000. Moors & Cabot Inc. bought a new position in shares of Apollo Global Management during the 4th quarter valued at $200,000. Finally, Waratah Capital Advisors Ltd. bought a new position in shares of Apollo Global Management during the 4th quarter valued at $203,000. 72.65% of the stock is currently owned by hedge funds and other institutional investors.
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About Apollo Global Management
Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company’s segments include private equity, credit and real estate.
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