Shares of Apollo Global Management Inc. (NYSE:APO – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the nineteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $145.68.
A number of research analysts recently weighed in on APO shares. Bank of America decreased their price target on shares of Apollo Global Management from $163.00 to $161.00 in a research note on Monday, October 5th. Rothschild & Co Redburn boosted their price objective on shares of Apollo Global Management from $171.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Evercore raised their price objective on Apollo Global Management from $145.00 to $146.00 in a report on Thursday, October 8th. The Goldman Sachs Group cut their price target on Apollo Global Management from $154.00 to $148.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Finally, Argus lowered their target price on Apollo Global Management from $160.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday.
View Our Latest Stock Report on APO
Apollo Global Management Stock Performance
APO stock opened at $116.78 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $120.79 and a 200-day moving average of $122.95. The firm has a market cap of $68.96 billion, a PE ratio of -63.81, a P/E/G ratio of 1.10 and a beta of 1.51. Apollo Global Management has a 12-month low of $99.56 and a 12-month high of $153.29.
Apollo Global Management (NYSE:APO – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The firm had revenue of $5.57 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the firm earned $1.92 earnings per share. As a group, sell-side analysts expect that Apollo Global Management will post 7.96 earnings per share for the current year.
Apollo Global Management Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Wednesday, November 18th will be paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is -122.95%.
Trending Headlines about Apollo Global Management
Here are the key news stories impacting Apollo Global Management this week:
- Positive Sentiment: JPMorgan Chase raised its price target on Apollo, offering a counterpoint to recent analyst reductions. The available report does not specify the new target. Article: Apollo Global Management Stock Gets Price Target Increase from JPMorgan Chase
- Positive Sentiment: UBS and Argus both maintained “buy” ratings despite lowering their targets: UBS cut its target from $163 to $160, while Argus reduced its target from $160 to $140. Their continued buy ratings indicate both firms still see potential upside from the referenced $116.78 share price. Read More. · Read More.
- Neutral Sentiment: Apollo and Goldman Sachs are reportedly seeking buyers for a roughly $40 billion SpaceX AI-chip financing deal. The potential transaction could create financing opportunities, but it remains a reported effort to place the deal, not a confirmed completed investment. Article: Goldman, Apollo in talks to sell SpaceX’s AI deal
- Neutral Sentiment: Nvidia is reportedly interested in Apollo’s struggling telecom sites as potential data-center locations. A sale or other deal could help monetize the assets, though no agreement was reported. Article: Nvidia Eyes Apollo’s Struggling Telecom Sites
- Negative Sentiment: RBC issued a pessimistic forecast, while Keefe, Bruyette & Woods and Barclays lowered their expectations for APO. Together with the Argus and UBS target cuts, the revisions point to more cautious analyst sentiment, even as some firms retain buy ratings. Read More. · Read More. · Read More.
- Negative Sentiment: A report highlighted a 6.7% one-session decline in Apollo shares, underscoring recent volatility; the article listing did not identify a specific cause for that drop. Article: Apollo Global Management Drops 6.7%
Insider Activity
In other news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the transaction, the chief financial officer owned 396,533 shares in the company, valued at $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Whitney Chatterjee sold 7,339 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $117.83, for a total value of $864,754.37. Following the completion of the transaction, the insider directly owned 129,151 shares of the company’s stock, valued at $15,217,862.33. The trade was a 5.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 8.30% of the company’s stock.
Hedge Funds Weigh In On Apollo Global Management
A number of institutional investors have recently modified their holdings of the business. Legal & General Group Plc acquired a new stake in Apollo Global Management during the second quarter worth about $459,987,000. Bank of New York Mellon Corp bought a new stake in shares of Apollo Global Management in the second quarter worth about $336,644,000. Temasek Holdings Private Ltd boosted its position in Apollo Global Management by 214.4% during the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after purchasing an additional 1,614,813 shares during the period. Deutsche Bank AG bought a new position in shares of Apollo Global Management in the second quarter worth about $172,290,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Apollo Global Management during the second quarter valued at about $136,528,000. 77.06% of the stock is owned by institutional investors and hedge funds.
Apollo Global Management Company Profile
Apollo Global Management is a global alternative asset manager that provides investment management and retirement services. Its investment strategies span private equity, credit and real assets, including infrastructure, and it serves institutional and individual investors.
The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan. It has since expanded its investment businesses and retirement-services operations, including through Athene, its retirement services platform.
Apollo operates across global markets and is led by co-founder Marc Rowan, who serves as chief executive officer.
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