Apollo Global Management Inc. (NYSE:APO) Receives $159.00 Average Price Target from Brokerages

Apollo Global Management Inc. (NYSE:APO) has earned an average rating of “Moderate Buy” from the twenty ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $159.00.

Several equities research analysts have recently weighed in on APO shares. Barclays raised their target price on Apollo Global Management from $145.00 to $156.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Wells Fargo & Company lifted their price target on shares of Apollo Global Management from $158.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, May 23rd. Raymond James Financial initiated coverage on shares of Apollo Global Management in a research note on Thursday, April 10th. They issued a “strong-buy” rating and a $173.00 price objective for the company. UBS Group decreased their price objective on shares of Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Finally, Citigroup decreased their price objective on Apollo Global Management from $191.00 to $138.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th.

Apollo Global Management Price Performance

Shares of APO opened at $143.01 on Wednesday. Apollo Global Management has a twelve month low of $95.11 and a twelve month high of $189.49. The firm’s fifty day simple moving average is $134.54 and its 200-day simple moving average is $146.10. The firm has a market capitalization of $81.73 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 1.44 and a beta of 1.59. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APO) last issued its earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.02). Apollo Global Management had a return on equity of 13.45% and a net margin of 14.59%. The business had revenue of $5.55 billion for the quarter, compared to analyst estimates of $977.14 million. During the same period last year, the business posted $1.72 EPS. Apollo Global Management’s revenue was down 21.2% on a year-over-year basis. Equities analysts forecast that Apollo Global Management will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a $0.51 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.43%. The ex-dividend date was Friday, May 16th. Apollo Global Management’s dividend payout ratio (DPR) is presently 35.73%.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the company’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total value of $530,280.00. Following the sale, the chief financial officer now owns 373,164 shares of the company’s stock, valued at $49,470,351.48. This represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of Apollo Global Management stock in a transaction on Friday, April 4th. The stock was acquired at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the acquisition, the insider now directly owns 621,754 shares of the company’s stock, valued at approximately $69,257,178.06. This represents a 4,331.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.20% of the stock is currently owned by company insiders.

Institutional Trading of Apollo Global Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APO. Private Advisor Group LLC lifted its stake in shares of Apollo Global Management by 5.5% during the 4th quarter. Private Advisor Group LLC now owns 11,331 shares of the financial services provider’s stock worth $1,871,000 after purchasing an additional 590 shares during the period. Howard Capital Management Inc. raised its stake in shares of Apollo Global Management by 8.4% during the fourth quarter. Howard Capital Management Inc. now owns 2,723 shares of the financial services provider’s stock valued at $450,000 after purchasing an additional 210 shares during the period. MONECO Advisors LLC increased its stake in Apollo Global Management by 7.5% during the 4th quarter. MONECO Advisors LLC now owns 1,975 shares of the financial services provider’s stock worth $326,000 after buying an additional 137 shares during the period. Union Bancaire Privee UBP SA purchased a new position in Apollo Global Management in the fourth quarter valued at about $216,000. Finally, Sentry Investment Management LLC purchased a new position in Apollo Global Management in the fourth quarter valued at about $305,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.