Apollo Global Management, Inc. (NYSE:APO) Receives Average Rating of “Moderate Buy” from Analysts

Apollo Global Management, Inc. (NYSE:APO) has been given a consensus rating of “Moderate Buy” by the twenty research firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $159.16.

Several equities analysts have weighed in on APO shares. The Goldman Sachs Group raised their price target on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Redburn Atlantic started coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price for the company. Morgan Stanley raised their price target on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. TD Cowen boosted their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday. Finally, Wells Fargo & Company raised their target price on shares of Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now owns 35,104,773 shares in the company, valued at $6,086,114,495.01. This represents a 0.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the sale, the chief financial officer now owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 196,600 shares of company stock worth $34,186,128 over the last 90 days. 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 added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of Apollo Global Management during the 3rd quarter valued at about $503,000. Sfmg LLC boosted its holdings in Apollo Global Management by 1.1% during the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock valued at $902,000 after purchasing an additional 79 shares in the last quarter. World Investment Advisors LLC grew its stake in shares of Apollo Global Management by 1.8% in the 3rd quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider’s stock valued at $852,000 after purchasing an additional 119 shares during the period. Sanctuary Advisors LLC lifted its position in shares of Apollo Global Management by 11.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 110,347 shares of the financial services provider’s stock worth $13,783,000 after buying an additional 11,370 shares during the period. Finally, Unigestion Holding SA acquired a new stake in Apollo Global Management in the 3rd quarter valued at $609,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Up 2.3 %

APO stock opened at $178.76 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The company’s 50 day simple moving average is $156.19 and its 200-day simple moving average is $130.15. Apollo Global Management has a 12 month low of $89.76 and a 12 month high of $189.49. The firm has a market capitalization of $101.15 billion, a PE ratio of 18.68, a P/E/G ratio of 1.84 and a beta of 1.63.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.463 dividend. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management’s payout ratio is currently 19.33%.

About Apollo Global Management

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.