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

Apollo Global Management, Inc. (NYSE:APO - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty analysts that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and sixteen have given 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 $155.05.

A number of brokerages have recently commented on APO. Argus cut their target price on shares of Apollo Global Management from $135.00 to $125.00 and set a "buy" rating on the stock in a research note on Tuesday, August 20th. TD Cowen boosted their price objective on Apollo Global Management from $165.00 to $178.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Citigroup increased their target price on Apollo Global Management from $162.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Morgan Stanley raised 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. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Apollo Global Management from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th.

Insiders Place Their Bets

In related news, insider Leon D. Black sold 133,400 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the transaction, the insider now owns 35,471,373 shares in the company, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 196,600 shares of company stock valued at $34,186,128. Company insiders own 8.50% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of APO. Cullen Frost Bankers Inc. acquired a new position in shares of Apollo Global Management during the second quarter valued at $35,000. Compagnie Lombard Odier SCmA acquired a new position in Apollo Global Management during the 3rd quarter valued at about $35,000. Prospera Private Wealth LLC bought a new stake in shares of Apollo Global Management during the 3rd quarter worth about $80,000. Mather Group LLC. lifted its stake in shares of Apollo Global Management by 826.9% in the 2nd 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 period. Finally, Truvestments Capital LLC bought a new position in shares of Apollo Global Management in the third quarter valued at approximately $83,000. Institutional investors own 77.06% of the company's stock.

Apollo Global Management Trading Up 1.2 %

NYSE APO traded up $2.12 during mid-day trading on Friday, hitting $177.85. The company's stock had a trading volume of 3,969,624 shares, compared to its average volume of 3,496,924. The firm has a market capitalization of $100.63 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63. 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 has a 52-week low of $89.45 and a 52-week high of $178.75. The stock's fifty day simple moving average is $153.46 and its two-hundred day simple moving average is $128.77.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Monday, November 18th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's payout ratio is currently 19.33%.

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.