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

Apollo Global Management Inc. (NYSE:APO) has earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $165.9231.

APO has been the subject of a number of research reports. BMO Capital Markets set a $136.00 price target on Apollo Global Management and gave the company a “market perform” rating in a research note on Tuesday, November 25th. Citigroup cut their price target on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $155.00 price objective on shares of Apollo Global Management in a research note on Tuesday, November 25th. Keefe, Bruyette & Woods upped their target price on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Finally, Cowen reissued a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, November 25th.

Apollo Global Management Stock Performance

Shares of NYSE APO opened at $145.81 on Friday. The company has a market cap of $84.63 billion, a P/E ratio of 21.32, a P/E/G ratio of 1.26 and a beta of 1.59. Apollo Global Management has a 52-week low of $102.58 and a 52-week high of $174.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.49. The firm’s fifty day moving average is $138.74 and its two-hundred day moving average is $137.88.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, November 17th. Apollo Global Management’s payout ratio is currently 29.82%.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $131.41, for a total value of $788,460.00. Following the transaction, the chief financial officer owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This trade represents a 1.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

A number of institutional investors have recently modified their holdings of the stock. Delos Wealth Advisors LLC bought a new position in Apollo Global Management in the second quarter worth approximately $25,000. Atlantic Union Bankshares Corp grew its position in shares of Apollo Global Management by 99.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after buying an additional 99 shares in the last quarter. Activest Wealth Management increased its stake in shares of Apollo Global Management by 875.0% during the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after buying an additional 175 shares during the period. Sound Income Strategies LLC bought a new stake in shares of Apollo Global Management in the third quarter valued at about $28,000. Finally, SJS Investment Consulting Inc. lifted its stake in Apollo Global Management by 1,123.5% in the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 191 shares during the period. 77.06% of the stock is owned by hedge funds and other 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.