Shares of Apollo Global Management Inc. (NYSE:APO – Get Free Report) have earned an average recommendation of “Moderate Buy” from the twenty research firms that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $152.60.
APO has been the topic of several analyst reports. Keefe, Bruyette & Woods upgraded Apollo Global Management to a “hold” rating in a report on Monday, July 20th. Evercore upped their target price on Apollo Global Management from $145.00 to $146.00 in a research report on Thursday, October 8th. Wells Fargo & Company began coverage on Apollo Global Management in a research note on Friday, October 2nd. They set an “equal weight” rating and a $127.00 target price for the company. TD Cowen reduced their target price on Apollo Global Management from $159.00 to $154.00 and set a “buy” rating for the company in a research note on Monday. Finally, Morgan Stanley decreased their price target on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st.
Read Our Latest Research Report on APO
Apollo Global Management Stock Down 1.1%
Shares of NYSE APO opened at $112.14 on Tuesday. Apollo Global Management has a 1 year low of $99.56 and a 1 year high of $153.29. The firm has a market cap of $66.22 billion, a price-to-earnings ratio of 41.08, a PEG ratio of 1.01 and a beta of 1.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The stock’s 50-day simple moving average is $127.09 and its 200-day simple moving average is $125.22.
Apollo Global Management (NYSE:APO – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.05). The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. During the same quarter last year, the firm posted $1.92 EPS. As a group, equities analysts anticipate that Apollo Global Management will post 8.00 earnings per share for the current fiscal year.
Apollo Global Management Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were issued a $0.5625 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.25 annualized dividend and a yield of 2.0%. Apollo Global Management’s dividend payout ratio is currently 82.42%.
Insider Transactions at Apollo Global Management
In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the transaction, the chief financial officer directly owned 396,533 shares in the company, valued at $55,847,707.72. This represents a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.30% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Apollo Global Management
Hedge funds and other institutional investors have recently modified their holdings of the stock. NFSG Corp raised its stake in shares of Apollo Global Management by 303.4% in the 3rd quarter. NFSG Corp now owns 1,069 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 804 shares in the last quarter. V Square Quantitative Management LLC lifted its position in shares of Apollo Global Management by 6.5% during the third quarter. V Square Quantitative Management LLC now owns 11,213 shares of the financial services provider’s stock worth $1,301,000 after purchasing an additional 687 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Apollo Global Management by 196.8% in the third quarter. State of Alaska Department of Revenue now owns 134,113 shares of the financial services provider’s stock worth $15,565,000 after purchasing an additional 88,922 shares in the last quarter. Curated Wealth Partners LLC grew its stake in Apollo Global Management by 91.8% in the third quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock worth $255,887,000 after purchasing an additional 1,055,818 shares in the last quarter. Finally, Nvwm LLC grew its stake in Apollo Global Management by 8,327.8% in the third quarter. Nvwm LLC now owns 6,658 shares of the financial services provider’s stock worth $773,000 after purchasing an additional 6,579 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.
About Apollo Global Management
Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.
Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.
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