Apollo Global Management (NYSE:APO) Given New $140.00 Price Target at Argus

Apollo Global Management (NYSE:APO – Free Report) had its price objective trimmed by Argus from $160.00 to $140.00 in a report issued on Friday,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other research analysts have also recently weighed in on the stock. The Goldman Sachs Group cut their price target on shares of Apollo Global Management from $154.00 to $148.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. UBS Group decreased their price objective on shares of Apollo Global Management from $163.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Apollo Global Management from $153.00 to $157.00 and gave the stock an “overweight” rating in a research report on Wednesday. HSBC assumed coverage on Apollo Global Management in a research note on Monday, July 20th. They issued a “buy” rating and a $145.00 target price on the stock. Finally, Wells Fargo & Company began coverage on Apollo Global Management in a report on Friday, October 2nd. They issued an “equal weight” rating and a $127.00 target price for the company. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $145.68.

Check Out Our Latest Research Report on APO

Apollo Global Management Stock Down 0.4%

NYSE APO traded down $0.49 on Friday, reaching $116.78. The company had a trading volume of 3,319,427 shares, compared to its average volume of 3,667,484. 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 company’s fifty day moving average is $120.79 and its 200 day moving average is $122.95. Apollo Global Management has a 52-week low of $99.56 and a 52-week high of $153.29. The stock has a market capitalization of $68.96 billion, a P/E ratio of -63.81, a P/E/G ratio of 1.10 and a beta of 1.51.

Apollo Global Management (NYSE:APO – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The firm had revenue of $5.57 billion for 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 period in the prior year, the firm earned $1.92 earnings per share. Sell-side analysts anticipate that Apollo Global Management will post 7.96 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Wednesday, November 18th will be given a dividend of $0.5625 per share. The ex-dividend date is Wednesday, November 18th. This represents a $2.25 annualized dividend and a yield of 1.9%. Apollo Global Management’s dividend payout ratio is presently -122.95%.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $140.84, for a total value 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. The trade was a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Whitney Chatterjee sold 7,339 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total transaction of $864,754.37. Following the transaction, the insider directly owned 129,151 shares of the company’s stock, valued at $15,217,862.33. This represents a 5.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 8.30% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

A number of hedge funds have recently modified their holdings of the stock. Saudi Central Bank raised its stake in Apollo Global Management by 82.6% in the 2nd quarter. Saudi Central Bank now owns 29,346 shares of the financial services provider’s stock valued at $3,472,000 after acquiring an additional 13,278 shares during the period. Nykredit A S purchased a new stake in Apollo Global Management during the second quarter valued at about $14,515,000. Cooper Financial Group lifted its holdings in Apollo Global Management by 1,194.5% during the third quarter. Cooper Financial Group now owns 48,143 shares of the financial services provider’s stock valued at $5,587,000 after purchasing an additional 44,424 shares during the last quarter. NewEdge Advisors LLC boosted its position in Apollo Global Management by 130.0% during the second quarter. NewEdge Advisors LLC now owns 41,404 shares of the financial services provider’s stock worth $4,899,000 after purchasing an additional 23,400 shares during the period. Finally, Deutsche Bank AG bought a new position in Apollo Global Management during the second quarter worth about $172,290,000. Institutional investors own 77.06% of the company’s stock.

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%

Apollo Global Management Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Apollo Global Management (NYSE:APO)

Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.