Apollo Global Management, Inc. is a private equity firm specializing 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. The firm provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients. It also manages real estate funds and private equity funds for its clients. The firm invests in the fixed income and alternative investment markets across the globe. Its fixed income investments include income-oriented senior loans, bonds, collateralized loan obligations, structured credit, opportunistic credit, non-performing loans, distressed debt, mezzanine debt, and value oriented fixed income securities. The firm seeks to invest in chemicals, commodities, consumer and retail, oil and gas, metals, mining, agriculture, commodities, distribution and transportation, financial and business services, manufacturing and industrial, media distribution, cable, entertainment and leisure, telecom, technology, natural resources, energy, packaging and materials, and satellite and wireless industries. It seeks to invest in companies based in across Africa, North America with a focus on United States, and Europe. The firm also makes investments outside North America, primarily in Western Europe and Asia. It employs a combination of contrarian, value, and distressed strategies to make its investments. The firm seeks to make investments in the range of $10 million and $1500 million. The firm seeks to invest in companies with Enterprise value between $750 million to $2500 million. The firm conducts an in-house research to create its investment portfolio. It seeks to acquire minority and majority positions in its portfolio companies. Apollo Global Management, Inc. was founded in 1990 and is headquartered in New York, New York with additional offices in North America, Asia and Europe. Alpha japan holdings co ltd operated as current subsidiary of Apollo Global Management, Inc.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. Wells Fargo & Company lowered their target price on shares of Apollo Global Management from $73.00 to $66.00 and set an "overweight" rating for the company in a research note on Wednesday, July 13th. Deutsche Bank Aktiengesellschaft lowered their price objective on Apollo Global Management from $91.00 to $87.00 in a research report on Friday, August 12th. Oppenheimer raised their target price on Apollo Global Management from $60.00 to $61.00 and gave the stock an "outperform" rating in a research report on Monday, August 8th. Morgan Stanley upped their price target on Apollo Global Management from $60.00 to $61.00 and gave the company an "equal weight" rating in a report on Monday. Finally, StockNews.com cut shares of Apollo Global Management from a "hold" rating to a "sell" rating in a report on Wednesday, May 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $78.69.
Apollo Global Management Stock Up 0.5 %
Apollo Global Management stock opened at $59.55 on Friday. The stock has a 50 day moving average of $53.48 and a two-hundred day moving average of $57.64. Apollo Global Management has a twelve month low of $45.97 and a twelve month high of $81.07. The stock has a market capitalization of $34.21 billion, a price-to-earnings ratio of -19.15, a PEG ratio of 0.74 and a beta of 1.65. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.04.
Apollo Global Management (NYSE:APO - Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The financial services provider reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.04. Apollo Global Management had a negative net margin of 44.62% and a positive return on equity of 42.48%. During the same period last year, the business posted $1.14 EPS. As a group, research analysts expect that Apollo Global Management will post 5.17 earnings per share for the current year.
Apollo Global Management Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Thursday, August 18th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $1.60 annualized dividend and a yield of 2.69%. Apollo Global Management's dividend payout ratio is currently -51.45%.
Insider Activity at Apollo Global Management
In other news, CFO Martin Kelly sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $54.60, for a total transaction of $819,000.00. Following the completion of the transaction, the chief financial officer now directly owns 526,385 shares of the company's stock, valued at approximately $28,740,621. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold a total of 55,000 shares of company stock worth $3,137,400 over the last 90 days. Company insiders own 3.90% of the company's stock.
