Apollo Global Management (NYSE:APO) Lowered to Strong Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Apollo Global Management (NYSE:APO) from a sell rating to a strong sell rating in a report issued on Monday morning.

A number of other equities analysts also recently commented on APO. Barclays lifted their target price on Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. HSBC started coverage on Apollo Global Management in a report on Monday, July 20th. They issued a “buy” rating and a $145.00 price target on the stock. Morgan Stanley reduced their price objective on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Evercore restated an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada increased their target price on 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. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average price target of $152.77.

Apollo Global Management Stock Performance

Shares of APO opened at $131.79 on Monday. The stock has a market capitalization of $75.98 billion, a PE ratio of 48.27, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51. The business’s fifty day moving average price is $125.45 and its 200 day moving average price is $122.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.73. Apollo Global Management has a 12-month low of $99.56 and a 12-month high of $153.29.

Apollo Global Management (NYSE:APO) last issued its 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). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same period last year, the company posted $1.92 earnings per share. Equities research analysts forecast that Apollo Global Management will post 8.17 EPS for the current year.

Apollo Global Management Announces Dividend

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

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the transaction, the insider owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management during the fourth quarter worth approximately $29,000. MBM Wealth Consultants LLC bought a new position in Apollo Global Management during the 1st quarter valued at $29,000. Steigerwald Gordon & Koch Inc. increased its position in shares of Apollo Global Management by 484.1% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 213 shares during the period. Osbon Capital Management LLC acquired a new position in shares of Apollo Global Management during the 4th quarter valued at $36,000. Finally, Physician Wealth Advisors Inc. raised its stake in shares of Apollo Global Management by 57.8% in the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after buying an additional 96 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Company Profile

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.