Apollo Global Management Inc. (NYSE:APO) Given Average Rating of “Moderate Buy” by Analysts

Apollo Global Management Inc. (NYSE:APOGet Free Report) has received a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $158.1333.

Several equities analysts have recently commented on APO shares. UBS Group lowered their target price on shares of Apollo Global Management from $182.00 to $152.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Royal Bank Of Canada started coverage on shares of Apollo Global Management in a research note on Monday, February 23rd. They set a “sector perform” rating and a $142.00 target price for the company. BMO Capital Markets reduced their price target on shares of Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating on the stock in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. cut their price objective on Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a research report on Tuesday, February 10th.

View Our Latest Stock Analysis on APO

Apollo Global Management News Summary

Here are the key news stories impacting Apollo Global Management this week:

Apollo Global Management Stock Performance

NYSE:APO opened at $109.74 on Friday. The stock has a 50-day moving average price of $120.77 and a 200 day moving average price of $130.40. The stock has a market capitalization of $63.46 billion, a P/E ratio of 19.88, a P/E/G ratio of 0.89 and a beta of 1.60. Apollo Global Management has a 12-month low of $99.56 and a 12-month high of $157.28. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APOGet Free Report) last posted its quarterly earnings results on Monday, February 9th. The financial services provider reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.The company had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm earned $2.39 EPS. The firm’s revenue was up .8% compared to the same quarter last year. Equities research analysts forecast that Apollo Global Management will post 8 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 19th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.9%. Apollo Global Management’s dividend payout ratio is presently 36.96%.

Institutional Trading of Apollo Global Management

A number of large investors have recently added to or reduced their stakes in APO. Vanguard Group Inc. grew its holdings in shares of Apollo Global Management by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider’s stock valued at $6,913,826,000 after purchasing an additional 340,956 shares in the last quarter. Geode Capital Management LLC raised its stake in Apollo Global Management by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 10,198,837 shares of the financial services provider’s stock valued at $1,469,793,000 after purchasing an additional 200,312 shares in the last quarter. Northern Trust Corp lifted its position in Apollo Global Management by 1.4% during the fourth quarter. Northern Trust Corp now owns 4,448,618 shares of the financial services provider’s stock valued at $643,982,000 after purchasing an additional 62,831 shares during the last quarter. Legal & General Group Plc lifted its position in Apollo Global Management by 4.5% during the fourth quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock valued at $522,850,000 after purchasing an additional 155,857 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Apollo Global Management by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,288,100 shares of the financial services provider’s stock worth $475,985,000 after buying an additional 98,945 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

About Apollo Global Management

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Apollo Global Management (NYSE:APO)

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