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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Apollo Global Management, with 12 buy ratings, four holds and one strong-buy rating. The average 12-month price target is $152.77, above the reported $132.63 share price.
• Apollo’s latest quarterly results fell slightly short of expectations, with earnings of $2.11 per share versus a $2.16 consensus and revenue of $5.57 billion versus $5.65 billion expected.
• The company declared a quarterly dividend of $0.5625 per share, equivalent to $2.25 annually and a 1.7% yield; institutional investors own 77.06% of the stock, while recent insider transactions were sales.

Apollo Global Management Inc. (NYSE:APO - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seventeen ratings firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $152.7692.

A number of equities analysts have weighed in on APO shares. BMO Capital Markets decreased their target price on shares of Apollo Global Management from $140.00 to $126.00 and set a "market perform" rating for the company in a research note on Monday, July 13th. Morgan Stanley dropped their price target on Apollo Global Management from $165.00 to $164.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Apollo Global Management in a research note on Thursday, May 7th. HSBC began coverage on Apollo Global Management in a research report on Monday, July 20th. They set a "buy" rating and a $145.00 price objective for the company. Finally, Piper Sandler dropped their target price on Apollo Global Management from $157.00 to $156.00 and set an "overweight" rating on the stock in a report on Monday, July 13th.

Apollo Global Management Stock Down 0.0%

APO stock opened at $132.63 on Monday. Apollo Global Management has a fifty-two week low of $99.56 and a fifty-two week high of $153.29. The company has a market capitalization of $78.32 billion, a price-to-earnings ratio of 48.58, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51. The business's 50 day moving average price is $126.64 and its two-hundred day moving average price is $122.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The firm had revenue of $5.57 billion during the quarter, compared to analysts' expectations of $5.65 billion. During the same period in the previous year, the company earned $1.92 earnings per share. As a group, analysts forecast that Apollo Global Management will post 8.08 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Apollo Global Management's dividend payout ratio is 82.42%.

Insider Activity

In other news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the sale, the chief financial officer owned 396,533 shares in the company, valued at $55,847,707.72. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John P. Zito sold 48,644 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the transaction, the insider owned 3,063,696 shares of the company's stock, valued at approximately $400,302,519.36. The trade was a 1.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 8.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management during the fourth quarter valued at approximately $29,000. MBM Wealth Consultants LLC bought a new stake in Apollo Global Management in the 1st quarter worth approximately $29,000. Steigerwald Gordon & Koch Inc. grew its position in Apollo Global Management by 484.1% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider's stock worth $29,000 after purchasing an additional 213 shares during the period. Continuum Advisory LLC purchased a new stake in Apollo Global Management during the 2nd quarter valued at $30,000. Finally, Keating Financial Advisory Services Inc. purchased a new stake in Apollo Global Management during the 2nd quarter valued at $31,000. Institutional investors own 77.06% of the company's stock.

About Apollo Global Management

Apollo Global Management, Inc NYSE: APO is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source