Apollo Global Management (NYSE:APO) Price Target Increased to $123.00 by Analysts at JPMorgan Chase & Co.

Apollo Global Management (NYSE:APO) had its price target lifted by JPMorgan Chase & Co. from $122.00 to $123.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on the stock. JMP Securities reiterated a market perform rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Wells Fargo & Company upped their price objective on shares of Apollo Global Management from $110.00 to $118.00 and gave the stock an overweight rating in a research report on Friday, February 9th. Keefe, Bruyette & Woods upped their price objective on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an outperform rating in a research report on Thursday, March 7th. Barclays upped their price objective on shares of Apollo Global Management from $122.00 to $133.00 and gave the stock an overweight rating in a research report on Monday, April 8th. Finally, Citigroup upped their price objective on shares of Apollo Global Management from $111.00 to $125.00 and gave the stock a buy rating in a research report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $113.33.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $112.72 on Wednesday. The firm has a 50 day moving average of $111.29 and a 200-day moving average of $98.98. The stock has a market capitalization of $64.04 billion, a PE ratio of 13.40, a PEG ratio of 0.92 and a beta of 1.63. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34. Apollo Global Management has a 12 month low of $57.50 and a 12 month high of $117.15.

Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, beating the consensus estimate of $1.64 by $0.11. The company had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $823.27 million. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. On average, equities research analysts predict that Apollo Global Management will post 7.44 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Friday, February 16th. Apollo Global Management’s payout ratio is 20.45%.

Insider Activity

In other news, insider Leon D. Black sold 500,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $111.44, for a total value of $55,720,000.00. Following the sale, the insider now directly owns 44,104,773 shares of the company’s stock, valued at approximately $4,915,035,903.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Leon D. Black sold 450,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $110.71, for a total value of $49,819,500.00. Following the sale, the insider now directly owns 42,604,773 shares of the company’s stock, valued at approximately $4,716,774,418.83. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Leon D. Black sold 500,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $111.44, for a total transaction of $55,720,000.00. Following the completion of the sale, the insider now directly owns 44,104,773 shares in the company, valued at $4,915,035,903.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,426,000 shares of company stock valued at $158,226,960. 8.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of APO. Sugarloaf Wealth Management LLC bought a new position in Apollo Global Management during the fourth quarter worth $31,000. DSM Capital Partners LLC bought a new position in Apollo Global Management during the fourth quarter worth $31,000. Blue Trust Inc. boosted its stake in Apollo Global Management by 151.4% during the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 221 shares in the last quarter. True Wealth Design LLC bought a new position in Apollo Global Management during the fourth quarter worth $33,000. Finally, CVA Family Office LLC bought a new position in Apollo Global Management during the fourth quarter worth $34,000. 77.06% of the stock is owned by institutional investors.

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.