Analysts Set Apollo Global Management, Inc. (NYSE:APO) PT at $118.08

Shares of Apollo Global Management, Inc. (NYSE:APO) have earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $119.14.

Several research analysts have recently commented on the company. JMP Securities reiterated a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. StockNews.com upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday. UBS Group lifted their target price on Apollo Global Management from $116.00 to $123.00 and gave the stock a “neutral” rating in a research note on Wednesday. Barclays reduced their target price on Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Finally, Evercore ISI lifted their target price on Apollo Global Management from $120.00 to $128.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the completion of the transaction, the chief financial officer now owns 359,445 shares of the company’s stock, valued at approximately $40,002,634.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

A number of institutional investors have recently modified their holdings of APO. Ameriprise Financial Inc. raised its holdings in shares of Apollo Global Management by 324.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 496,619 shares of the financial services provider’s stock worth $44,576,000 after buying an additional 379,589 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Apollo Global Management by 1.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,742,145 shares of the financial services provider’s stock worth $156,375,000 after purchasing an additional 24,925 shares in the last quarter. Sei Investments Co. increased its holdings in Apollo Global Management by 185.4% in the 3rd quarter. Sei Investments Co. now owns 152,858 shares of the financial services provider’s stock worth $13,721,000 after purchasing an additional 99,300 shares in the last quarter. Diversified Trust Co acquired a new position in Apollo Global Management in the 3rd quarter worth about $385,000. Finally, Public Sector Pension Investment Board increased its holdings in Apollo Global Management by 51.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 75,177 shares of the financial services provider’s stock worth $6,748,000 after purchasing an additional 25,700 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Down 0.5 %

APO stock opened at $120.54 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $115.96 and a two-hundred day moving average price of $109.70. The company has a market cap of $68.49 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 0.99 and a beta of 1.59. Apollo Global Management has a twelve month low of $77.11 and a twelve month high of $122.76.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). The company had revenue of $839.00 million during the quarter, compared to the consensus estimate of $827.33 million. Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. Analysts anticipate that Apollo Global Management will post 7.11 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a $0.463 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 annualized dividend and a yield of 1.54%. Apollo Global Management’s payout ratio is currently 20.49%.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.