Apollo Global Management, Inc. (NYSE:APO) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Apollo Global Management, Inc. (NYSE:APO - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twenty analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $165.74.

Several equities analysts have commented on the company. Morgan Stanley upped their price target on Apollo Global Management from $169.00 to $170.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. TD Cowen lifted their price target 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. Wells Fargo & Company cut their price target on Apollo Global Management from $191.00 to $187.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Barclays increased their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th.

Insider Activity

In related news, CFO Martin Kelly sold 5,000 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the sale, the chief financial officer now directly owns 377,164 shares of the company's stock, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.50% of the company's stock.

Remove Ads

Institutional Trading of Apollo Global Management

Several hedge funds and other institutional investors have recently modified their holdings of APO. Fourth Dimension Wealth LLC bought a new stake in Apollo Global Management in the 4th quarter valued at approximately $25,000. Hopwood Financial Services Inc. bought a new stake in shares of Apollo Global Management in the fourth quarter worth $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in Apollo Global Management during the fourth quarter worth $34,000. Byrne Asset Management LLC bought a new position in Apollo Global Management in the fourth quarter valued at $37,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Apollo Global Management in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock traded down $1.47 during trading on Monday, reaching $137.23. The company's stock had a trading volume of 1,251,876 shares, compared to its average volume of 3,672,710. The business's fifty day moving average price is $155.75 and its 200-day moving average price is $151.50. Apollo Global Management has a one year low of $95.11 and a one year high of $189.49. The firm has a market cap of $78.29 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.4625 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.35%. Apollo Global Management's dividend payout ratio (DPR) is currently 25.31%.

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.