Apollo Global Management (NYSE:APO) Price Target Increased to $123.00 by Analysts at JPMorgan Chase & Co.

Apollo Global Management (NYSE:APO - Free Report) had its price objective raised by JPMorgan Chase & Co. from $122.00 to $123.00 in a research note released on Wednesday morning, Benzinga reports. They currently have an overweight rating on the financial services provider's stock.

APO has been the subject of several other research reports. Citigroup boosted their target price on shares of Apollo Global Management from $111.00 to $125.00 and gave the company a buy rating in a research note on Tuesday, February 13th. JMP Securities reissued a market perform rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Keefe, Bruyette & Woods boosted their price target on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an outperform rating in a report on Thursday, March 7th. BMO Capital Markets upped their price objective on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an outperform rating in a report on Friday, April 5th. Finally, TD Cowen began coverage on shares of Apollo Global Management in a report on Thursday, January 4th. They issued an outperform rating and a $115.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Apollo Global Management has a consensus rating of Moderate Buy and an average price target of $113.33.

Apollo Global Management Trading Down 0.9 %

Shares of NYSE APO traded down $1.05 during midday trading on Wednesday, reaching $112.72. 1,410,073 shares of the stock were exchanged, compared to its average volume of 2,345,277. The stock has a 50 day moving average price of $111.28 and a 200-day moving average price of $98.88. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34. Apollo Global Management has a 52-week low of $57.50 and a 52-week high of $117.15. The company has a market capitalization of $64.04 billion, a P/E ratio of 13.40, a P/E/G ratio of 0.92 and a beta of 1.63.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.11. The company had revenue of $795.00 million for the quarter, compared to analyst estimates of $823.27 million. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. Equities research analysts expect that Apollo Global Management will post 7.44 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Friday, February 16th. Apollo Global Management's dividend payout ratio (DPR) is currently 20.45%.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 14,000 shares of Apollo Global Management stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the completion of the transaction, the chief financial officer now directly owns 366,572 shares in the company, valued at approximately $39,989,339.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Leon D. Black sold 450,000 shares of the company's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $110.71, for a total transaction of $49,819,500.00. Following the transaction, the insider now directly owns 42,604,773 shares of the company's stock, valued at $4,716,774,418.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin Kelly sold 14,000 shares of the company's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the completion of the transaction, the chief financial officer now owns 366,572 shares of the company's stock, valued at approximately $39,989,339.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,426,000 shares of company stock worth $158,226,960. Insiders own 8.70% of the company's stock.

Institutional Trading of Apollo Global Management

A number of institutional investors have recently added to or reduced their stakes in the stock. Sugarloaf Wealth Management LLC purchased a new stake in shares of Apollo Global Management in the 4th quarter valued at about $31,000. DSM Capital Partners LLC bought a new stake in shares of Apollo Global Management in the 4th quarter worth approximately $31,000. Blue Trust Inc. boosted its position in shares of Apollo Global Management by 151.4% during the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 221 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of Apollo Global Management during the fourth quarter valued at approximately $33,000. Finally, CVA Family Office LLC purchased a new position in Apollo Global Management during the fourth quarter valued at $34,000. Hedge funds and other 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 and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.