Apollo Global Management (NYSE:APO) Stock Gets Price Target Reduction from Barclays

Apollo Global Management (NYSE:APO) had its price objective reduced by Barclays from $157.00 to $156.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

APO has been the topic of several other research reports. HSBC assumed coverage on Apollo Global Management in a research report on Monday, July 20th. They issued a “buy” rating and a $145.00 target price on the stock. Keefe, Bruyette & Woods dropped their price target on Apollo Global Management from $135.00 to $130.00 and set a “market perform” rating for the company in a report on Wednesday. Rothschild & Co Redburn boosted their price target on Apollo Global Management from $171.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Morgan Stanley reduced their price target on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $145.00 price objective on shares of Apollo Global Management in a report on Wednesday. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and an average price target of $145.68.

Apollo Global Management Stock Performance

APO traded down $0.49 on Wednesday, reaching $116.78. The company had a trading volume of 3,319,427 shares, compared to its average volume of 3,667,484. The stock has a market cap of $68.96 billion, a P/E ratio of -63.81, a P/E/G ratio of 1.10 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. Apollo Global Management has a fifty-two week low of $99.56 and a fifty-two week high of $153.29. The company’s fifty day moving average is $120.79 and its 200 day moving average is $122.95.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. The company had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the business earned $1.92 earnings per share. As a group, analysts predict that Apollo Global Management will post 7.96 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders 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 dividend on an annualized basis and a yield of 1.9%. Apollo Global Management’s payout ratio is currently -122.95%.

Insider Buying and Selling

In other Apollo Global Management news, insider Whitney Chatterjee sold 7,339 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total transaction of $864,754.37. Following the transaction, the insider owned 129,151 shares in the company, valued at $15,217,862.33. This represents a 5.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Martin Kelly sold 3,000 shares of the firm’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 transaction, the chief financial officer directly owned 396,533 shares in the company, valued at $55,847,707.72. This represents a 0.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 8.30% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

A number of large investors have recently added to or reduced their stakes in APO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Apollo Global Management by 4.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock worth $669,372,000 after acquiring an additional 234,517 shares during the period. Legal & General Group Plc bought a new stake in shares of Apollo Global Management during the 2nd quarter valued at $459,987,000. Bank of New York Mellon Corp lifted its position in shares of Apollo Global Management by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 2,901,110 shares of the financial services provider’s stock valued at $323,242,000 after acquiring an additional 188,668 shares during the period. Temasek Holdings Private Ltd lifted its position in shares of Apollo Global Management by 214.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock valued at $263,861,000 after acquiring an additional 1,614,813 shares during the period. Finally, Curated Wealth Partners LLC grew its holdings in shares of Apollo Global Management by 91.8% during the 3rd quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock worth $255,887,000 after purchasing an additional 1,055,818 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management News Summary

Here are the key news stories impacting Apollo Global Management this week:

• Positive Sentiment: JPMorgan Chase raised its price target on Apollo, offering a counterpoint to recent analyst reductions. The available report does not specify the new target. Article: Apollo Global Management Stock Gets Price Target Increase from JPMorgan Chase
• Positive Sentiment: UBS and Argus both maintained “buy” ratings despite lowering their targets: UBS cut its target from $163 to $160, while Argus reduced its target from $160 to $140. Their continued buy ratings indicate both firms still see potential upside from the referenced $116.78 share price. Read More. · Read More.
• Neutral Sentiment: Apollo and Goldman Sachs are reportedly seeking buyers for a roughly $40 billion SpaceX AI-chip financing deal. The potential transaction could create financing opportunities, but it remains a reported effort to place the deal, not a confirmed completed investment. Article: Goldman, Apollo in talks to sell SpaceX’s AI deal
• Neutral Sentiment: Nvidia is reportedly interested in Apollo’s struggling telecom sites as potential data-center locations. A sale or other deal could help monetize the assets, though no agreement was reported. Article: Nvidia Eyes Apollo’s Struggling Telecom Sites
• Negative Sentiment: RBC issued a pessimistic forecast, while Keefe, Bruyette & Woods and Barclays lowered their expectations for APO. Together with the Argus and UBS target cuts, the revisions point to more cautious analyst sentiment, even as some firms retain buy ratings. Read More. · Read More. · Read More.
• Negative Sentiment: A report highlighted a 6.7% one-session decline in Apollo shares, underscoring recent volatility; the article listing did not identify a specific cause for that drop. Article: Apollo Global Management Drops 6.7%

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.