Apollo Global Management's (APO) "Market Perform" Rating Reiterated at JMP Securities

JMP Securities reiterated their market perform rating on shares of Apollo Global Management (NYSE:APO - Free Report) in a research note issued to investors on Tuesday, Benzinga reports.

APO has been the subject of several other reports. Citigroup boosted their price objective on shares of Apollo Global Management from $111.00 to $125.00 and gave the stock a buy rating in a research note on Tuesday, February 13th. Keefe, Bruyette & Woods boosted their target price on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an outperform rating in a research report on Thursday, March 7th. Barclays boosted their target price on shares of Apollo Global Management from $122.00 to $133.00 and gave the stock an overweight rating in a research report on Monday. TD Cowen initiated 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 on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Apollo Global Management in a report on Wednesday, February 28th. They set an overweight rating and a $122.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management presently has an average rating of Moderate Buy and an average target price of $110.62.

Apollo Global Management Trading Down 3.6 %

Shares of Apollo Global Management stock traded down $4.20 during mid-day trading on Tuesday, hitting $111.86. 1,961,085 shares of the stock were exchanged, compared to its average volume of 2,399,154. Apollo Global Management has a twelve month low of $57.50 and a twelve month high of $117.15. The stock has a market capitalization of $63.55 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 0.97 and a beta of 1.63. The company has a 50-day simple moving average of $110.16 and a 200 day simple moving average of $97.30. 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 (NYSE:APO - Get Free Report) last released its earnings results 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. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. The firm had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. Research analysts forecast that Apollo Global Management will post 7.48 EPS for the current year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.43 per share. The ex-dividend date was Friday, February 16th. This represents a $1.72 annualized dividend and a dividend yield of 1.54%. Apollo Global Management's dividend payout ratio (DPR) is 20.45%.

Insider Activity

In other news, insider James C. Zelter sold 150,000 shares of the firm's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the completion of the transaction, the insider now owns 1,454,588 shares in the company, valued at approximately $158,782,826.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider James C. Zelter sold 150,000 shares of the firm's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the completion of the transaction, the insider now owns 1,454,588 shares in the company, valued at approximately $158,782,826.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Whitney Chatterjee sold 12,000 shares of the company's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $111.10, for a total transaction of $1,333,200.00. Following the sale, the insider now directly owns 123,901 shares of the company's stock, valued at $13,765,401.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,426,000 shares of company stock worth $158,226,960. Corporate insiders own 8.70% of the company's stock.

Institutional Trading of Apollo Global Management

A number of hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its position in shares of Apollo Global Management by 7,183.3% in the first quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider's stock worth $27,000 after purchasing an additional 431 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in Apollo Global Management in the first quarter worth approximately $30,000. Zions Bancorporation N.A. acquired a new position in Apollo Global Management in the first quarter worth approximately $30,000. Sugarloaf Wealth Management LLC acquired a new position in Apollo Global Management in the fourth quarter worth approximately $31,000. Finally, DSM Capital Partners LLC acquired a new position in Apollo Global Management during the fourth quarter valued at approximately $31,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

About Apollo Global Management

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.