Apollo Global Management Inc. (NYSE:APO – Get Free Report) has been given a consensus rating of “Moderate Buy” by the seventeen research firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $152.7692.
APO has been the subject of several recent analyst reports. Royal Bank Of Canada raised their target price on shares of Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. BMO Capital Markets lowered their price objective on Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating for the company in a research report on Monday, July 13th. Morgan Stanley dropped their target price on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods upgraded Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. Finally, Weiss Ratings upgraded Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 21st.
Read Our Latest Analysis on Apollo Global Management
Insider Activity at Apollo Global Management
Institutional Trading of Apollo Global Management
Several institutional investors and hedge funds have recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC acquired a new position in Apollo Global Management during the fourth quarter valued at $29,000. Osbon Capital Management LLC acquired a new stake in Apollo Global Management during the 4th quarter worth about $36,000. Steigerwald Gordon & Koch Inc. grew its position in Apollo Global Management by 484.1% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 213 shares during the period. Continuum Advisory LLC purchased a new position in shares of Apollo Global Management during the 2nd quarter valued at about $30,000. Finally, MBM Wealth Consultants LLC purchased a new position in shares of Apollo Global Management during the 1st quarter valued at about $29,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.
Apollo Global Management Stock Up 0.3%
Shares of NYSE APO opened at $133.64 on Monday. Apollo Global Management has a 12-month low of $99.56 and a 12-month high of $153.29. The stock’s fifty day simple moving average is $126.36 and its two-hundred day simple moving average is $122.78. The stock has a market capitalization of $78.92 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34.
Apollo Global Management (NYSE:APO – Get Free Report) last issued 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). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The company had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter last year, the company earned $1.92 earnings per share. As a group, analysts expect that Apollo Global Management will post 8.08 EPS for the current fiscal year.
Apollo Global Management Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be paid a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 19th. Apollo Global Management’s dividend payout ratio (DPR) is presently 82.42%.
About Apollo Global Management
Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.
Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.
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