Apollo Global Management, Inc. (NYSE:APO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Apollo Global Management, Inc. (NYSE:APO) have been given a consensus rating of “Moderate Buy” by the twenty analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $155.05.

A number of equities analysts have recently commented on the stock. Evercore ISI lifted their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Redburn Partners initiated coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price for the company. Wells Fargo & Company raised their price target on Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. increased their price objective on Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley boosted their target price on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th.

Apollo Global Management Trading Up 1.2 %

APO opened at $177.85 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management has a 52 week low of $89.45 and a 52 week high of $178.75. The business’s 50 day moving average is $153.46 and its two-hundred day moving average is $128.77. The firm has a market cap of $100.63 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 1.79 and a beta of 1.63.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a dividend of $0.463 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.04%. Apollo Global Management’s payout ratio is 19.33%.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the transaction, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the transaction, the insider now owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. This represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock valued at $34,186,128 in the last ninety days. Corporate insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

Several hedge funds have recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management during the third quarter valued at $35,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Apollo Global Management during the second quarter worth about $35,000. Prospera Private Wealth LLC acquired a new position in shares of Apollo Global Management in the third quarter valued at approximately $80,000. Truvestments Capital LLC purchased a new position in shares of Apollo Global Management during the third quarter valued at approximately $83,000. Finally, Mather Group LLC. boosted its position in Apollo Global Management by 826.9% during the second quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 645 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

About Apollo Global Management

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.