Barclays Issues Positive Forecast for Apollo Global Management (NYSE:APO) Stock Price

Apollo Global Management (NYSE:APO - Free Report) had its price target hoisted by Barclays from $156.00 to $168.00 in a report published on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider's stock.

Other research analysts have also issued reports about the company. Citigroup lowered their price objective on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Piper Sandler dropped their target price on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. Bank of America boosted their price target on Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, April 4th. Finally, UBS Group lowered their price objective on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Apollo Global Management presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.00.

Apollo Global Management Price Performance

NYSE APO traded down $1.00 during trading hours on Thursday, reaching $147.21. The company's stock had a trading volume of 1,474,527 shares, compared to its average volume of 3,936,991. The firm has a market capitalization of $84.13 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 1.52 and a beta of 1.59. Apollo Global Management has a 1-year low of $95.11 and a 1-year high of $189.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.36 and a quick ratio of 1.36. The company's 50-day moving average is $136.78 and its two-hundred day moving average is $144.25.

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

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.51 dividend. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Friday, May 16th. Apollo Global Management's dividend payout ratio is presently 35.73%.

Insiders Place Their Bets

In related news, CFO Martin Kelly sold 4,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total transaction of $530,280.00. Following the sale, the chief financial officer owned 373,164 shares in the company, valued at $49,470,351.48. This represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Apollo Global Management

Several institutional investors and hedge funds have recently bought and sold shares of APO. Fourth Dimension Wealth LLC acquired a new stake in Apollo Global Management during the fourth quarter worth about $25,000. GW&K Investment Management LLC grew its position in 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 worth $26,000 after buying an additional 87 shares during the last quarter. ORG Partners LLC grew its position in Apollo Global Management by 285.0% in the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock worth $32,000 after buying an additional 171 shares during the last quarter. Hopwood Financial Services Inc. acquired a new position in Apollo Global Management in the fourth quarter worth approximately $33,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in Apollo Global Management in the first quarter worth approximately $39,000. Institutional investors and hedge funds 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.