Apollo Global Management (APO) – Analysts’ Recent Ratings Changes

Apollo Global Management (NYSE: APO) has recently received a number of price target changes and ratings updates:

• 10/22/2024 – Apollo Global Management had its price target raised by analysts at UBS Group AG from $117.00 to $150.00. They now have a “neutral” rating on the stock.
• 10/10/2024 – Apollo Global Management had its price target raised by analysts at Morgan Stanley from $111.00 to $137.00. They now have an “equal weight” rating on the stock.
• 10/9/2024 – Apollo Global Management had its price target raised by analysts at Wells Fargo & Company from $148.00 to $149.00. They now have an “overweight” rating on the stock.
• 10/7/2024 – Apollo Global Management had its price target raised by analysts at Barclays PLC from $128.00 to $148.00. They now have an “overweight” rating on the stock.
• 10/3/2024 – Apollo Global Management had its price target raised by analysts at The Goldman Sachs Group, Inc. from $128.00 to $135.00. They now have a “buy” rating on the stock.
• 10/2/2024 – Apollo Global Management had its price target raised by analysts at JPMorgan Chase & Co. from $129.00 to $143.00. They now have an “overweight” rating on the stock.
• 10/2/2024 – Apollo Global Management had its price target raised by analysts at Wells Fargo & Company from $132.00 to $148.00. They now have an “overweight” rating on the stock.
• 10/2/2024 – Apollo Global Management had its price target raised by analysts at BMO Capital Markets from $123.00 to $138.00. They now have an “outperform” rating on the stock.
• 10/2/2024 – Apollo Global Management had its price target raised by analysts at Evercore ISI from $127.00 to $150.00. They now have an “outperform” rating on the stock.
• 10/2/2024 – Apollo Global Management had its price target raised by analysts at TD Cowen from $135.00 to $162.00. They now have a “buy” rating on the stock.
• 9/25/2024 – Apollo Global Management is now covered by analysts at Wolfe Research. They set an “outperform” rating and a $139.00 price target on the stock.
• 9/12/2024 – Apollo Global Management is now covered by analysts at Wells Fargo & Company. They set an “overweight” rating and a $132.00 price target on the stock.
• 8/27/2024 – Apollo Global Management is now covered by analysts at Redburn Atlantic. They set a “buy” rating and a $153.00 price target on the stock.
• 8/27/2024 – Apollo Global Management is now covered by analysts at Redburn Partners. They set a “buy” rating and a $153.00 price target on the stock.

Apollo Global Management Stock Up 1.3 %

NYSE:APO traded up $1.90 during mid-day trading on Thursday, hitting $145.44. The stock had a trading volume of 692,014 shares, compared to its average volume of 2,582,155. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. Apollo Global Management, Inc. has a twelve month low of $77.11 and a twelve month high of $146.82. The company has a market capitalization of $82.63 billion, a PE ratio of 16.11, a PEG ratio of 1.39 and a beta of 1.62. The stock has a 50-day simple moving average of $123.18 and a two-hundred day simple moving average of $117.55.

Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. During the same quarter in the previous year, the firm posted $1.54 EPS. On average, equities research analysts anticipate that Apollo Global Management, Inc. will post 6.66 EPS for the current year.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.49%.

Insider Buying and Selling

In related news, Director Pauline Richards acquired 2,351 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $104.92 per share, with a total value of $246,666.92. Following the completion of the acquisition, the director now owns 85,854 shares in the company, valued at $9,007,801.68. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Curated Wealth Partners LLC boosted its stake in Apollo Global Management by 200.3% in the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock valued at $278,945,000 after acquiring an additional 4,717,661 shares in the last quarter. Capital Research Global Investors grew its stake in Apollo Global Management by 40.3% during the 1st quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock worth $532,852,000 after buying an additional 1,360,525 shares during the last quarter. Jennison Associates LLC increased its position in Apollo Global Management by 199.8% during the first quarter. Jennison Associates LLC now owns 925,222 shares of the financial services provider’s stock worth $104,041,000 after buying an additional 616,575 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Apollo Global Management during the second quarter worth approximately $62,972,000. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Apollo Global Management by 66.0% in the first quarter. 1832 Asset Management L.P. now owns 1,257,460 shares of the financial services provider’s stock valued at $141,401,000 after acquiring an additional 499,930 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.