Apollo Global Management Inc. (NYSE:APO) Given Average Recommendation of "Moderate Buy" by Analysts

Apollo Global Management Inc. (NYSE:APO - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $159.00.

A number of research firms have weighed in on APO. Morgan Stanley reduced their target price on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Bank of America lifted their target price on Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a report on Friday, April 4th. Citigroup reduced their target price on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Raymond James Financial began coverage on Apollo Global Management in a report on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 price objective for the company. Finally, TD Cowen cut their price objective on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a report on Wednesday, April 9th.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total value of $530,280.00. Following the completion of the sale, the chief financial officer now owns 373,164 shares in the company, valued at approximately $49,470,351.48. The trade was a 1.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of the stock in a transaction on Friday, April 4th. The stock was bought at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the transaction, the insider now directly owns 621,754 shares of the company's stock, valued at approximately $69,257,178.06. The trade was a 4,331.92% increase in their position. The disclosure for this purchase can be found here. 8.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Apollo Global Management

Several hedge funds and other institutional investors have recently bought and sold shares of APO. Geode Capital Management LLC lifted its position in Apollo Global Management by 64.6% in the fourth quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider's stock valued at $1,550,316,000 after purchasing an additional 3,695,979 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Apollo Global Management by 8.9% during the fourth quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider's stock valued at $7,454,560,000 after buying an additional 3,691,700 shares during the period. Boston Partners purchased a new position in shares of Apollo Global Management during the first quarter valued at approximately $370,543,000. Nuveen LLC purchased a new position in shares of Apollo Global Management during the first quarter valued at approximately $342,335,000. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Apollo Global Management by 245.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider's stock valued at $438,196,000 after buying an additional 1,886,146 shares during the period. Institutional investors own 77.06% of the company's stock.

Apollo Global Management Trading Up 4.3%

Shares of APO opened at $139.79 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $79.89 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 1.38 and a beta of 1.59. Apollo Global Management has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The business has a 50-day moving average of $133.72 and a 200 day moving average of $146.61.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). The company had revenue of $5.55 billion for the quarter, compared to analysts' expectations of $977.14 million. Apollo Global Management had a net margin of 14.59% and a return on equity of 13.45%. The firm's quarterly revenue was down 21.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.72 EPS. As a group, research analysts forecast that Apollo Global Management will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a $0.51 dividend. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 1.46%. Apollo Global Management's payout ratio is presently 35.73%.

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.

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