Apollo Global Management (NYSE:APO) Stock Price Target Lowered at TD Cowen

Apollo Global Management (NYSE:APO) had its target price trimmed by TD Cowen from $159.00 to $154.00 in a research report released on Monday,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Other analysts also recently issued reports about the stock. Piper Sandler lifted their price objective on shares of Apollo Global Management from $156.00 to $159.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Weiss Ratings raised shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Barclays raised their price target on shares of 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 initiated coverage on Apollo Global Management in a report on Monday, July 20th. They set a “buy” rating and a $145.00 price target on the stock. Finally, UBS Group lifted their price target on Apollo Global Management from $157.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $153.05.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $119.24 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market capitalization of $70.41 billion, a PE ratio of 43.68, a P/E/G ratio of 1.06 and a beta of 1.58. Apollo Global Management has a 1-year low of $99.56 and a 1-year high of $153.29. The business’s fifty day moving average price is $128.06 and its two-hundred day moving average price is $125.12.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results 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). The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same period last year, the firm posted $1.92 EPS. On average, research analysts expect that Apollo Global Management will post 8.00 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, August 19th. Apollo Global Management’s payout ratio is 82.42%.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the transaction, the chief financial officer directly owned 396,533 shares in the company, valued at $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 8.30% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC acquired a new stake in shares of Apollo Global Management during the 1st quarter valued at $29,000. Steigerwald Gordon & Koch Inc. boosted its stake 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 worth $29,000 after acquiring an additional 213 shares in the last quarter. Continuum Advisory LLC bought a new stake in shares of Apollo Global Management during the 2nd quarter worth $30,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Apollo Global Management in the 2nd quarter worth $31,000. Finally, Osbon Capital Management LLC acquired a new position in shares of Apollo Global Management in the 4th quarter worth $36,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.

Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.