Apollo Global Management Inc. (NYSE:APO) Receives $152.77 Average PT from Analysts

Shares of Apollo Global Management Inc. (NYSE:APO) have been assigned an average recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $152.7692.

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised Apollo Global Management to a “hold” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Royal Bank Of Canada boosted their price target on Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. HSBC initiated coverage on Apollo Global Management in a research report on Monday, July 20th. They set a “buy” rating and a $145.00 price target for the company. Finally, Wall Street Zen upgraded Apollo Global Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $135.39 on Monday. Apollo Global Management has a 52 week low of $99.56 and a 52 week high of $153.29. The stock has a market capitalization of $79.95 billion, a price-to-earnings ratio of 49.59, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The firm has a 50-day simple moving average of $126.22 and a 200-day simple moving average of $122.87.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The business had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.During the same quarter in the prior year, the company posted $1.92 earnings per share. On average, equities analysts predict that Apollo Global Management will post 8.08 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be paid a dividend of $0.5625 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.25 annualized dividend and a yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is 82.42%.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Apollo Global Management

Several large investors have recently made changes to their positions in the business. Sunbelt Securities Inc. lifted its holdings in shares of Apollo Global Management by 16.9% in the third quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 82 shares in the last quarter. Physician Wealth Advisors Inc. boosted its holdings in Apollo Global Management by 57.8% during the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 96 shares during the period. Glen Eagle Advisors LLC grew its stake in shares of Apollo Global Management by 33.3% in the fourth quarter. Glen Eagle Advisors LLC now owns 384 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 96 shares during the last quarter. Kestra Investment Management LLC grew its position in Apollo Global Management by 2.1% during the fourth quarter. Kestra Investment Management LLC now owns 4,725 shares of the financial services provider’s stock worth $684,000 after buying an additional 99 shares in the last quarter. Finally, Ramirez Asset Management Inc. increased its holdings in Apollo Global Management by 25.0% in the 4th quarter. Ramirez Asset Management Inc. now owns 500 shares of the financial services provider’s stock valued at $72,000 after buying an additional 100 shares during the period. Institutional investors own 77.06% of the company’s stock.

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.