Apollo Global Management - APO Stock Forecast, Price & News

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.

Apollo Global Management Stock Down 0.3 %

Apollo Global Management stock traded down $0.18 during midday trading on Tuesday, hitting $61.30. 48,056 shares of the company's stock were exchanged, compared to its average volume of 2,002,370. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.85 and a current ratio of 0.85. Apollo Global Management has a 12 month low of $45.97 and a 12 month high of $81.07. The firm has a 50-day moving average of $53.35 and a two-hundred day moving average of $57.68. The company has a market cap of $35.21 billion, a PE ratio of -19.77, a P/E/G ratio of 0.77 and a beta of 1.65.

Apollo Global Management (NYSE:APO - Get Rating) last issued its earnings results on Thursday, August 4th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the business posted $1.14 EPS. As a group, analysts expect that Apollo Global Management will post 5.18 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Thursday, August 18th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Wednesday, August 17th. Apollo Global Management's payout ratio is -51.45%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on APO. StockNews.com downgraded shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Wednesday, May 18th. TheStreet cut shares of Apollo Global Management from a "b" rating to a "c" rating in a research report on Thursday, May 5th. Oppenheimer boosted their price objective on shares of Apollo Global Management from $60.00 to $61.00 and gave the company an "outperform" rating in a research report on Monday, August 8th. Wells Fargo & Company cut their price objective on shares of Apollo Global Management from $73.00 to $66.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 13th. Finally, Morgan Stanley boosted their price objective on shares of Apollo Global Management from $60.00 to $61.00 and gave the company an "equal weight" rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $78.69.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $54.60, for a total value 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.90% of the company's stock.