Apollo Global Management Inc. (NYSE:APO) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Apollo Global Management Inc. has received a consensus recommendation of "Moderate Buy" from fifteen ratings firms, with an average twelve-month price target of $167.93.
• The company reported a quarterly earnings EPS of $1.92, exceeding analyst expectations of $1.84, alongside a net margin of 13.25%.
• Apollo Global Management declared a quarterly dividend of $0.51, representing an annualized yield of 1.6%, and a payout ratio of 38.13%.

Shares of Apollo Global Management Inc. (NYSE:APO - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fifteen ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $167.9286.

Several equities research analysts have commented on APO shares. Citigroup boosted their price target on shares of Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Barclays boosted their price target on shares of Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Wells Fargo & Company boosted their price target on shares of Apollo Global Management from $160.00 to $173.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Evercore ISI lifted their price target on Apollo Global Management from $155.00 to $160.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen raised Apollo Global Management from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $127.09 on Friday. Apollo Global Management has a fifty-two week low of $102.58 and a fifty-two week high of $189.49. The firm's 50-day simple moving average is $138.85 and its 200 day simple moving average is $137.11. 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 stock has a market cap of $72.70 billion, a P/E ratio of 23.76, a P/E/G ratio of 1.40 and a beta of 1.68.

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 the consensus estimate of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. 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 business earned $1.64 earnings per share. Equities analysts expect that Apollo Global Management will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. Apollo Global Management's dividend payout ratio (DPR) is currently 38.13%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the transaction, the chief financial officer owned 332,399 shares of the company's stock, valued at $48,234,418.89. The trade was a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the transaction, the insider directly owned 4,526,000 shares in the company, valued at approximately $606,619,780. This trade represents a 16.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 935,000 shares of company stock valued at $125,543,790 in the last 90 days. 8.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Apollo Global Management

Several large investors have recently made changes to their positions in the company. Delos Wealth Advisors LLC acquired a new stake in Apollo Global Management in the 2nd quarter worth approximately $25,000. GW&K Investment Management LLC grew its position in shares of Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 87 shares during the last quarter. Activest Wealth Management grew its position in shares of Apollo Global Management by 875.0% in the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 175 shares during the last quarter. Rosenberg Matthew Hamilton increased its stake in shares of Apollo Global Management by 6,900.0% in the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider's stock worth $30,000 after purchasing an additional 207 shares during the period. Finally, Nemes Rush Group LLC acquired a new position in shares of Apollo Global Management during the second quarter worth approximately $30,000. Institutional investors own 77.06% of the company's stock.

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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