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

Key Points

• Apollo Global Management has received a consensus rating of "Moderate Buy" from 17 research firms, with an average 12-month price objective of $164.56.
• Recent insider trading includes CFO Martin Kelly selling 15,500 shares at an average price of $145.11, representing a 4.46% decrease in his ownership.
• The company reported earnings of $1.92 per share for the last quarter, surpassing analysts' expectations of $1.84, alongside a total revenue of $6.55 billion for the quarter.

Apollo Global Management Inc. (NYSE:APO - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seventeen research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $164.5625.

APO has been the topic of a number of recent analyst reports. Citigroup boosted their target price on Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Evercore ISI upped their price objective on Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Wells Fargo & Company upped their price objective on Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Wall Street Zen raised Apollo Global Management from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Barclays upped their price objective on Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a report on Thursday, July 10th.

Insiders Place Their Bets

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the transaction, the insider directly owned 83,192 shares of the company's stock, valued at $12,148,527.76. This represents a 5.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Martin Kelly sold 15,500 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the transaction, the chief financial officer directly owned 332,399 shares in the company, valued at approximately $48,234,418.89. This represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company's stock.

Institutional Trading of Apollo Global Management

A number of institutional investors have recently modified their holdings of the stock. Boston Partners bought a new stake in shares of Apollo Global Management during the 1st quarter worth $370,543,000. Nuveen LLC bought a new stake in shares of Apollo Global Management during the 1st quarter worth $342,335,000. Nuveen Asset Management LLC lifted its position in shares of Apollo Global Management by 71.4% during the 4th quarter. Nuveen Asset Management LLC now owns 2,599,936 shares of the financial services provider's stock worth $429,405,000 after buying an additional 1,082,825 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Apollo Global Management by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 46,028,812 shares of the financial services provider's stock worth $6,303,186,000 after buying an additional 893,428 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Apollo Global Management by 24.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider's stock worth $490,482,000 after buying an additional 706,181 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Down 2.4%

APO stock opened at $131.51 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $75.23 billion, a PE ratio of 24.58, a PEG ratio of 1.42 and a beta of 1.69. Apollo Global Management has a 1-year low of $102.58 and a 1-year high of $189.49. The business's 50 day simple moving average is $142.65 and its 200 day simple moving average is $137.35.

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

Apollo Global Management Announces Dividend

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

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.

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