Apollo Global Management (NYSE:APO) Rating Increased to Hold at BMO Capital Markets

BMO Capital Markets upgraded shares of Apollo Global Management (NYSE:APO) to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

APO has been the subject of several other research reports. Wells Fargo & Company upped their price target on shares of Apollo Global Management from $160.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Wall Street Zen lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Apollo Global Management in a research report on Saturday, September 27th. Barclays upped their price target on shares of Apollo Global Management from $156.00 to $168.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Finally, Evercore ISI upped their price target on shares of Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.07.

Apollo Global Management Stock Down 1.1%

APO stock opened at $125.81 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. Apollo Global Management has a 1-year low of $102.58 and a 1-year high of $189.49. The firm has a fifty day moving average price of $138.35 and a two-hundred day moving average price of $137.03. The firm has a market cap of $71.97 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 1.37 and a beta of 1.68.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.84 by $0.08. The business had revenue of $6,550,000 billion during the quarter, compared to analyst estimates of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same quarter in the prior year, the firm earned $1.64 earnings per share. Research analysts predict that Apollo Global Management will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, August 18th. Apollo Global Management’s dividend payout ratio is currently 38.13%.

Insider Activity at Apollo Global Management

In related news, insider Whitney Chatterjee sold 4,500 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total value of $657,135.00. Following the completion of the transaction, the insider owned 83,192 shares in the company, valued at $12,148,527.76. This represents a 5.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Martin Kelly sold 15,500 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the completion of the sale, the chief financial officer directly owned 332,399 shares of the company’s stock, valued at $48,234,418.89. The trade was a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 935,000 shares of company stock worth $125,543,790 in the last 90 days. Corporate insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

A number of institutional investors and hedge funds have recently bought and sold shares of APO. Delos Wealth Advisors LLC acquired a new stake in Apollo Global Management in the 2nd quarter valued at about $25,000. GW&K Investment Management LLC lifted its holdings in Apollo Global Management by 84.5% in the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 87 shares during the last quarter. Activest Wealth Management lifted its holdings in Apollo Global Management by 875.0% in the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 175 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in Apollo Global Management by 6,900.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares during the last quarter. Finally, Nemes Rush Group LLC acquired a new stake in Apollo Global Management in the 2nd quarter valued at about $30,000. 77.06% of the stock is owned by institutional investors and hedge funds.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.