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

Key Points

• Apollo Global Management has an average analyst rating of "Moderate Buy", with 17 out of 20 analysts recommending a buy, while the average 12-month price target stands at $161.26.
• The firm recently reported a Q2 EPS of $1.92, exceeding estimates, and has declared a quarterly dividend of $0.51, with a dividend yield of 1.4%.
• Insider trading activity includes a sale of 4,500 shares by insider Whitney Chatterjee, indicating a 5.13% decrease in their position within the company.

Apollo Global Management Inc. (NYSE:APO - Get Free Report) has been given an average rating of "Moderate Buy" by the twenty analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $161.2632.

Several equities analysts recently issued reports on the company. Barclays upped their price objective on Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. Citigroup boosted their target price on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Wells Fargo & Company boosted their target price on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Finally, Piper Sandler decreased their target price on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a research note on Monday, May 5th.

Apollo Global Management Stock Performance

Shares of APO opened at $140.83 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The business's 50 day moving average price is $142.53 and its 200-day moving average price is $141.02. Apollo Global Management has a 52 week low of $102.58 and a 52 week high of $189.49. The stock has a market cap of $80.48 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.51 and a beta of 1.62.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%. The firm had revenue of $6,550,000 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same period in the previous year, the firm posted $1.64 EPS. Equities research analysts anticipate that Apollo Global Management will post 8 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. Apollo Global Management's dividend payout ratio (DPR) is presently 38.13%.

Insider Activity at Apollo Global Management

In related news, insider Whitney Chatterjee sold 4,500 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total value of $657,135.00. Following the completion of the transaction, the insider owned 83,192 shares of the company's stock, valued at approximately $12,148,527.76. This trade represents a 5.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.20% of the company's stock.

Institutional Trading of Apollo Global Management

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Apollo Global Management by 2.0% during the first quarter. Vanguard Group Inc. now owns 46,028,812 shares of the financial services provider's stock worth $6,303,186,000 after acquiring an additional 893,428 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Apollo Global Management by 36.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock worth $1,065,615,000 after acquiring an additional 1,739,807 shares during the period. Northern Trust Corp increased its position in shares of Apollo Global Management by 50.0% during the fourth quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider's stock worth $723,853,000 after acquiring an additional 1,460,689 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Apollo Global Management by 24.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider's stock worth $490,482,000 after acquiring an additional 706,181 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Apollo Global Management by 1.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,050,164 shares of the financial services provider's stock worth $432,727,000 after acquiring an additional 36,866 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

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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