Apollo Global Management, Inc. (NYSE:APO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Apollo Global Management, Inc. (NYSE:APO) have earned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $164.32.

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their target price on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Citigroup upped their price objective on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Morgan Stanley upped their price target on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. BMO Capital Markets upped their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company lowered their price objective on shares of Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th.

Apollo Global Management Price Performance

Shares of APO opened at $172.02 on Friday. Apollo Global Management has a 12 month low of $95.11 and a 12 month high of $189.49. The company has a market cap of $97.33 billion, a P/E ratio of 17.97, a PEG ratio of 1.36 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a fifty day moving average price of $169.66 and a 200 day moving average price of $141.61.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a dividend of $0.463 per share. The ex-dividend date was Monday, November 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.08%. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the transaction, the chief financial officer now directly owns 320,564 shares in the company, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Leon D. Black sold 133,400 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the sale, the insider now directly owns 35,471,373 shares of the company’s stock, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock worth $34,186,128 in the last quarter. Company insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

A number of large investors have recently made changes to their positions in the company. Chicago Capital LLC raised its holdings in Apollo Global Management by 1.2% during the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock valued at $709,000 after buying an additional 69 shares during the period. Menard Financial Group LLC raised its position in Apollo Global Management by 1.2% during the third quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 71 shares in the last quarter. Cyndeo Wealth Partners LLC increased its position in shares of Apollo Global Management by 3.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock valued at $336,000 after buying an additional 77 shares in the last quarter. Sfmg LLC boosted its stake in shares of Apollo Global Management by 1.1% in the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock worth $902,000 after acquiring an additional 79 shares during the last quarter. Finally, Cigna Investments Inc. New boosted its stake in shares of Apollo Global Management by 1.8% in the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock worth $645,000 after acquiring an additional 90 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.