Apollo Global Management, Inc. (NYSE:APO) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Apollo Global Management, Inc. (NYSE:APO - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $165.74.

APO has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their price objective on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. 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 research report on Wednesday, November 6th. Wells Fargo & Company lowered their price target on shares of Apollo Global Management from $191.00 to $187.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley lifted their target price on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Finally, TD Cowen lifted their target price on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a "buy" rating in a research note on Monday, December 9th.

Apollo Global Management Stock Performance

Apollo Global Management stock traded down $7.08 during mid-day trading on Thursday, reaching $149.71. 2,081,534 shares of the company traded hands, compared to its average volume of 3,226,441. The company has a market capitalization of $84.71 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.24 and a beta of 1.63. Apollo Global Management has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The firm's fifty day moving average is $166.42 and its two-hundred day moving average is $147.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management's dividend payout ratio (DPR) is currently 25.31%.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the transaction, the chief financial officer now owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Leon D. Black sold 133,400 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the sale, the insider now owns 35,471,373 shares of the company's stock, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 201,600 shares of company stock worth $34,977,528. Corporate insiders own 8.50% of the company's stock.

Hedge Funds Weigh In On Apollo Global Management

A number of large investors have recently bought and sold shares of APO. Vanguard Group Inc. grew its stake in Apollo Global Management by 8.9% in the 4th quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider's stock valued at $7,454,560,000 after acquiring an additional 3,691,700 shares during the last quarter. Geode Capital Management LLC grew its stake in Apollo Global Management by 64.6% in the 4th quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider's stock valued at $1,550,316,000 after acquiring an additional 3,695,979 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Apollo Global Management by 36.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock valued at $1,065,615,000 after acquiring an additional 1,739,807 shares during the last quarter. Northern Trust Corp grew its stake in Apollo Global Management by 50.0% in the 4th quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider's stock valued at $723,853,000 after acquiring an additional 1,460,689 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Apollo Global Management by 60.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider's stock valued at $479,057,000 after acquiring an additional 1,094,464 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Company Profile

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.