Apollo Global Management Inc. (NYSE:APO) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts rate Apollo “Moderate Buy”: Of 19 covering brokerages, 13 recommend buying and six recommend holding; the average 12-month price target is $145.68.
• Recent outlook revisions are mixed but often cautious: Several firms cut price targets, although UBS and Argus retained buy ratings and JPMorgan raised its target.
• Apollo’s latest reported quarter fell short of expectations, with EPS of $2.11 versus a $2.16 estimate and revenue of $5.57 billion versus $5.65 billion. The company also announced a quarterly dividend of $0.5625 per share.

Shares of Apollo Global Management Inc. (NYSE:APO - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nineteen brokerages that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $145.68.

APO has been the subject of several research reports. BMO Capital Markets dropped their target price on Apollo Global Management from $134.00 to $124.00 and set a "market perform" rating for the company in a research report on Tuesday, October 27th. Evercore increased their price objective on Apollo Global Management from $145.00 to $146.00 in a report on Thursday, October 8th. Jefferies Financial Group dropped their price target on Apollo Global Management from $138.00 to $127.00 and set a "hold" rating on the stock in a research report on Tuesday, October 6th. Royal Bank Of Canada decreased their price objective on Apollo Global Management from $146.00 to $138.00 and set a "sector perform" rating on the stock in a report on Wednesday. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Apollo Global Management from $135.00 to $130.00 and set a "market perform" rating for the company in a research note on Wednesday.

Key Apollo Global Management News

Here are the key news stories impacting Apollo Global Management this week:

• Positive Sentiment: JPMorgan Chase raised its price target on Apollo, offering a counterpoint to recent analyst reductions. The available report does not specify the new target. Article: Apollo Global Management Stock Gets Price Target Increase from JPMorgan Chase
• Positive Sentiment: UBS and Argus both maintained “buy” ratings despite lowering their targets: UBS cut its target from $163 to $160, while Argus reduced its target from $160 to $140. Their continued buy ratings indicate both firms still see potential upside from the referenced $116.78 share price. Read More. · Read More.
• Neutral Sentiment: Apollo and Goldman Sachs are reportedly seeking buyers for a roughly $40 billion SpaceX AI-chip financing deal. The potential transaction could create financing opportunities, but it remains a reported effort to place the deal, not a confirmed completed investment. Article: Goldman, Apollo in talks to sell SpaceX’s AI deal
• Neutral Sentiment: Nvidia is reportedly interested in Apollo’s struggling telecom sites as potential data-center locations. A sale or other deal could help monetize the assets, though no agreement was reported. Article: Nvidia Eyes Apollo’s Struggling Telecom Sites
• Negative Sentiment: RBC issued a pessimistic forecast, while Keefe, Bruyette & Woods and Barclays lowered their expectations for APO. Together with the Argus and UBS target cuts, the revisions point to more cautious analyst sentiment, even as some firms retain buy ratings. Read More. · Read More. · Read More.
• Negative Sentiment: A report highlighted a 6.7% one-session decline in Apollo shares, underscoring recent volatility; the article listing did not identify a specific cause for that drop. Article: Apollo Global Management Drops 6.7%

Insider Activity

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the transaction, the chief financial officer owned 396,533 shares of the company's stock, valued at $55,847,707.72. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Whitney Chatterjee sold 7,339 shares of the firm's stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total value of $864,754.37. Following the completion of the transaction, the insider directly owned 129,151 shares in the company, valued at $15,217,862.33. The trade was a 5.38% 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 corporate insiders.

Hedge Funds Weigh In On Apollo Global Management

Several institutional investors have recently added to or reduced their stakes in APO. Saudi Central Bank grew its position in shares of Apollo Global Management by 82.6% during the second quarter. Saudi Central Bank now owns 29,346 shares of the financial services provider's stock valued at $3,472,000 after purchasing an additional 13,278 shares in the last quarter. Nykredit A S acquired a new position in shares of Apollo Global Management in the 2nd quarter worth approximately $14,515,000. Cooper Financial Group lifted its holdings in shares of Apollo Global Management by 1,194.5% in the third quarter. Cooper Financial Group now owns 48,143 shares of the financial services provider's stock valued at $5,587,000 after purchasing an additional 44,424 shares in the last quarter. NewEdge Advisors LLC grew its position in Apollo Global Management by 130.0% during the 2nd quarter. NewEdge Advisors LLC now owns 41,404 shares of the financial services provider's stock worth $4,899,000 after acquiring an additional 23,400 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in Apollo Global Management in the second quarter valued at $172,290,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

NYSE:APO opened at $116.78 on Friday. The company has a market cap of $68.96 billion, a P/E ratio of -63.81, a P/E/G ratio of 1.10 and a beta of 1.51. The company's 50-day moving average price is $120.79 and its 200-day moving average price is $122.95. Apollo Global Management has a twelve month low of $99.56 and a twelve month high of $153.29. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its 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 net margin of 5.22% and a return on equity of 14.01%. The firm had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same period in the previous year, the firm posted $1.92 EPS. On average, sell-side analysts forecast that Apollo Global Management will post 7.96 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 18th. Apollo Global Management's dividend payout ratio (DPR) is -122.95%.

About Apollo Global Management

Apollo Global Management is a global alternative asset manager that provides investment management and retirement services. Its investment strategies span private equity, credit and real assets, including infrastructure, and it serves institutional and individual investors.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan. It has since expanded its investment businesses and retirement-services operations, including through Athene, its retirement services platform.

Apollo operates across global markets and is led by co-founder Marc Rowan, who serves as chief executive officer.

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