Apollo Global Management (NYSE:APO) PT Raised to $128.00 at Evercore ISI

Apollo Global Management (NYSE:APO) had its price objective increased by Evercore ISI from $120.00 to $128.00 in a research report released on Friday, Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Several other equities analysts have also recently weighed in on APO. TD Cowen assumed coverage on Apollo Global Management in a research report on Thursday, January 4th. They issued an outperform rating and a $115.00 price target for the company. Wells Fargo & Company raised their price objective on shares of Apollo Global Management from $110.00 to $118.00 and gave the company an overweight rating in a research report on Friday, February 9th. JPMorgan Chase & Co. raised their price target on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an overweight rating in a report on Wednesday, April 24th. Morgan Stanley boosted their price target on shares of Apollo Global Management from $94.00 to $99.00 and gave the company an equal weight rating in a research report on Wednesday, January 24th. Finally, BMO Capital Markets increased their price objective on Apollo Global Management from $111.00 to $122.00 and gave the stock an outperform rating in a research report on Friday, April 5th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $114.31.

Apollo Global Management Price Performance

APO opened at $111.48 on Friday. The firm has a 50-day moving average price of $111.11 and a 200-day moving average price of $100.14. Apollo Global Management has a twelve month low of $59.89 and a twelve month high of $117.15. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $63.34 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 0.92 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.64 by $0.11. Apollo Global Management had a net margin of 16.27% and a return on equity of 20.77%. The company had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. Equities analysts expect that Apollo Global Management will post 7.43 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.463 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.85 dividend on an annualized basis and a yield of 1.66%. Apollo Global Management’s payout ratio is presently 19.05%.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the completion of the sale, the chief financial officer now directly owns 366,572 shares in the company, valued at approximately $39,989,339.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Martin Kelly sold 14,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the transaction, the chief financial officer now directly owns 366,572 shares of the company’s stock, valued at $39,989,339.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leon D. Black sold 300,000 shares of the business’s stock in a transaction dated Saturday, February 24th. The shares were sold at an average price of $111.51, for a total value of $33,453,000.00. Following the completion of the sale, the insider now directly owns 43,054,773 shares of the company’s stock, valued at approximately $4,801,037,737.23. The disclosure for this sale can be found here. Insiders have sold 1,426,000 shares of company stock worth $158,226,960 over the last ninety days. Insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sugarloaf Wealth Management LLC purchased a new stake in shares of Apollo Global Management during the fourth quarter worth about $31,000. DSM Capital Partners LLC purchased a new stake in Apollo Global Management in the 4th quarter worth approximately $31,000. Blue Trust Inc. grew its position in shares of Apollo Global Management by 151.4% in the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after buying an additional 221 shares during the last quarter. True Wealth Design LLC purchased a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $33,000. Finally, CVA Family Office LLC bought a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $34,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.