Apollo Global Management, Inc. (NYSE:APO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Apollo Global Management, Inc. (NYSE:APO) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $113.33.

Several research firms have issued reports on APO. JMP Securities reiterated a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Citigroup increased their price objective on Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. TD Cowen started coverage on Apollo Global Management in a research note on Thursday, January 4th. They set an “outperform” rating and a $115.00 price objective on the stock. Wells Fargo & Company raised their price target on Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. raised their price target on Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday.

Insider Transactions at Apollo Global Management

In other news, insider James C. Zelter sold 150,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $109.16, for a total value of $16,374,000.00. Following the transaction, the insider now directly owns 1,454,588 shares in the company, valued at approximately $158,782,826.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Leon D. Black sold 450,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $110.71, for a total transaction of $49,819,500.00. Following the sale, the insider now directly owns 42,604,773 shares in the company, valued at approximately $4,716,774,418.83. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James C. Zelter sold 150,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.16, for a total value of $16,374,000.00. Following the sale, the insider now owns 1,454,588 shares in the company, valued at $158,782,826.08. The disclosure for this sale can be found here. Insiders have sold a total of 1,426,000 shares of company stock worth $158,226,960 in the last three months. 8.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Apollo Global Management

Several hedge funds have recently modified their holdings of APO. Norges Bank purchased a new stake in shares of Apollo Global Management during the 4th quarter valued at about $586,016,000. TD Asset Management Inc raised its holdings in shares of Apollo Global Management by 4,248.9% during the 4th quarter. TD Asset Management Inc now owns 2,459,235 shares of the financial services provider’s stock valued at $229,176,000 after buying an additional 2,402,686 shares during the period. FMR LLC raised its holdings in shares of Apollo Global Management by 18.9% during the 3rd quarter. FMR LLC now owns 9,948,454 shares of the financial services provider’s stock valued at $892,973,000 after buying an additional 1,584,201 shares during the period. PointState Capital LP purchased a new stake in shares of Apollo Global Management during the 3rd quarter valued at about $98,382,000. Finally, Third Point LLC purchased a new stake in Apollo Global Management during the 4th quarter worth approximately $83,871,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Trading Down 0.7 %

NYSE:APO opened at $111.88 on Friday. The stock has a fifty day moving average price of $111.24 and a two-hundred day moving average price of $99.07. The stock has a market capitalization of $63.57 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.95 and a beta of 1.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54. Apollo Global Management has a 1 year low of $57.50 and a 1 year high of $117.15.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.11. The firm had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $823.27 million. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. As a group, sell-side analysts anticipate that Apollo Global Management will post 7.44 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.54%. Apollo Global Management’s dividend payout ratio (DPR) is 20.45%.

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.