Apollo Global Management, Inc. (NYSE:APO) Receives $115.62 Consensus Target Price from Analysts

Shares of Apollo Global Management, Inc. (NYSE:APO) have earned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $115.62.

APO has been the topic of several research reports. Barclays dropped their target price on shares of Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Jefferies Financial Group cut their price objective on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, May 9th. BMO Capital Markets increased their target price on Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Citigroup boosted their price target 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. Finally, Wells Fargo & Company upped their price target on shares of Apollo Global Management from $110.00 to $118.00 and gave the company an “overweight” rating in a research report on Friday, February 9th.

Insider Buying and Selling

In related news, insider Leon D. Black sold 450,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $110.71, for a total value of $49,819,500.00. Following the completion of the sale, the insider now directly owns 42,604,773 shares in the company, valued at $4,716,774,418.83. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Martin Kelly sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total value of $3,338,700.00. Following the sale, the chief financial officer now directly owns 359,445 shares in the company, valued at $40,002,634.05. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Leon D. Black sold 450,000 shares of the business’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 transaction, the insider now owns 42,604,773 shares of the company’s stock, valued at approximately $4,716,774,418.83. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 780,000 shares of company stock worth $86,611,200. Insiders own 8.50% of the company’s stock.

Institutional Trading of Apollo Global Management

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sugarloaf Wealth Management LLC bought a new position in shares of Apollo Global Management in the fourth quarter worth about $31,000. DSM Capital Partners LLC bought a new position in Apollo Global Management in the 4th quarter worth about $31,000. Blue Trust Inc. increased its position in shares of 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 during the period. True Wealth Design LLC bought a new stake in shares of Apollo Global Management during the fourth quarter valued at approximately $33,000. Finally, CVA Family Office LLC purchased a new stake in shares of Apollo Global Management in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

APO stock opened at $112.90 on Tuesday. The stock’s 50 day simple moving average is $111.79 and its 200 day simple moving average is $102.87. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. Apollo Global Management has a 12-month low of $62.63 and a 12-month high of $117.15. The stock has a market capitalization of $64.15 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 0.94 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. The business had revenue of $839.00 million during the quarter, compared to analysts’ expectations of $827.33 million. As a group, research analysts forecast that Apollo Global Management will post 7.19 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.463 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, May 16th. Apollo Global Management’s payout ratio is currently 20.49%.

About Apollo Global Management

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.