Apollo Global Management, Inc. (NYSE:APO) Receives $113.33 Average Target Price from Analysts

Shares of Apollo Global Management, Inc. (NYSE:APO) have been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $113.33.

APO has been the subject of several research reports. Citigroup lifted their price target on shares of Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. lifted their price objective on Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. JMP Securities reissued a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Morgan Stanley lifted their price objective on Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Finally, BMO Capital Markets lifted their price objective on Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a report on Friday, April 5th.

Apollo Global Management Stock Up 0.3 %

Shares of NYSE APO opened at $112.22 on Friday. The company has a 50 day simple moving average of $111.23 and a 200 day simple moving average of $99.36. The firm has a market cap of $63.76 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 0.94 and a beta of 1.63. Apollo Global Management has a 1 year low of $57.50 and a 1 year high of $117.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The business had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. On average, research analysts forecast that Apollo Global Management will post 7.43 EPS for the current year.

Apollo Global Management Dividend Announcement

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

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $109.09, for a total value of $1,527,260.00. Following the completion of the sale, the chief financial officer now owns 366,572 shares in the company, valued at approximately $39,989,339.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 1,454,588 shares in the company, valued at $158,782,826.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the completion of the sale, the chief financial officer now owns 366,572 shares of the company’s stock, valued at approximately $39,989,339.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,426,000 shares of company stock valued at $158,226,960. 8.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Apollo Global Management

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Yousif Capital Management LLC raised its holdings in shares of Apollo Global Management by 3.8% during the first quarter. Yousif Capital Management LLC now owns 7,789 shares of the financial services provider’s stock valued at $876,000 after acquiring an additional 287 shares in the last quarter. YHB Investment Advisors Inc. raised its holdings in shares of Apollo Global Management by 33.2% during the first quarter. YHB Investment Advisors Inc. now owns 5,823 shares of the financial services provider’s stock valued at $655,000 after acquiring an additional 1,453 shares in the last quarter. Davies Financial Advisors Inc. bought a new position in shares of Apollo Global Management during the first quarter valued at approximately $555,000. Lindbrook Capital LLC grew its stake in Apollo Global Management by 8.5% in the first quarter. Lindbrook Capital LLC now owns 1,308 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 102 shares during the period. Finally, Seven Post Investment Office LP purchased a new stake in Apollo Global Management in the first quarter worth $238,000. 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 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.