Barclays Cuts Apollo Global Management (NYSE:APO) Price Target to $131.00

Apollo Global Management (NYSE:APOFree Report) had its price target reduced by Barclays from $158.00 to $131.00 in a report published on Monday,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the stock. Argus raised shares of Apollo Global Management to a “strong-buy” rating in a report on Thursday, February 19th. UBS Group dropped their price target on Apollo Global Management from $182.00 to $152.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Morgan Stanley upped their price target on shares of Apollo Global Management from $180.00 to $181.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Evercore boosted their price objective on shares of Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $159.47.

Check Out Our Latest Analysis on APO

Apollo Global Management Trading Up 2.5%

Shares of Apollo Global Management stock opened at $109.79 on Monday. The firm has a market cap of $63.72 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 0.86 and a beta of 1.60. The business has a 50-day moving average price of $132.86 and a 200-day moving average price of $133.36. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.33. Apollo Global Management has a twelve month low of $99.56 and a twelve month high of $157.28.

Apollo Global Management (NYSE:APOGet Free Report) last released its quarterly earnings data on Monday, February 9th. The financial services provider reported $2.47 EPS for the quarter, beating the consensus estimate of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. During the same quarter last year, the company earned $2.39 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Equities research analysts anticipate that Apollo Global Management will post 8 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 19th were given a $0.51 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.9%. Apollo Global Management’s dividend payout ratio (DPR) is presently 36.96%.

Institutional Investors Weigh In On Apollo Global Management

Several institutional investors have recently added to or reduced their stakes in the business. Boston Partners raised its position in shares of Apollo Global Management by 106.7% in the 4th quarter. Boston Partners now owns 3,278,862 shares of the financial services provider’s stock valued at $474,384,000 after purchasing an additional 1,692,532 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Apollo Global Management by 3.0% in the third quarter. Vanguard Group Inc. now owns 47,419,652 shares of the financial services provider’s stock worth $6,319,617,000 after buying an additional 1,377,545 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of Apollo Global Management by 2,560.3% during the fourth quarter. Focus Partners Wealth now owns 1,404,576 shares of the financial services provider’s stock worth $203,324,000 after buying an additional 1,351,778 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Apollo Global Management by 271.8% during the fourth quarter. Corient Private Wealth LLC now owns 1,024,143 shares of the financial services provider’s stock valued at $148,255,000 after buying an additional 748,697 shares during the last quarter. Finally, Temasek Holdings Private Ltd grew its holdings in shares of Apollo Global Management by 879.2% during the fourth quarter. Temasek Holdings Private Ltd now owns 753,349 shares of the financial services provider’s stock valued at $109,055,000 after buying an additional 676,411 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management News Summary

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About Apollo Global Management

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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.

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