Barclays Issues Pessimistic Forecast for Apollo Global Management (NYSE:APO) Stock Price

Apollo Global Management (NYSE:APO - Free Report) had its price objective trimmed by Barclays from $196.00 to $145.00 in a report released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider's stock.

A number of other brokerages also recently issued reports on APO. Wells Fargo & Company dropped their price target on shares of Apollo Global Management from $187.00 to $177.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. BMO Capital Markets raised their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. StockNews.com lowered shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods dropped their price target on 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. Finally, TD Cowen upped their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $157.95.

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Apollo Global Management Stock Up 1.6 %

Shares of Apollo Global Management stock traded up $2.04 on Monday, reaching $125.97. The company's stock had a trading volume of 6,257,035 shares, compared to its average volume of 3,770,808. The company has a market capitalization of $71.87 billion, a price-to-earnings ratio of 17.23, a P/E/G ratio of 1.17 and a beta of 1.66. 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 $95.11 and a 52 week high of $189.49. The firm's fifty day simple moving average is $141.67 and its two-hundred day simple moving average is $153.45.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's dividend payout ratio (DPR) is 25.31%.

Insider Activity at Apollo Global Management

In other news, insider Leon D. Black sold 500,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the completion of the transaction, the insider now directly owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. This represents a 1.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the completion of the transaction, the chief financial officer now directly owns 377,164 shares of the company's stock, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Apollo Global Management

Several institutional investors have recently bought and sold shares of APO. Ellevest Inc. increased its position in shares of Apollo Global Management by 1.5% during the 4th quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider's stock valued at $735,000 after purchasing an additional 67 shares during the last quarter. SRS Capital Advisors Inc. increased its position in Apollo Global Management by 2.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock valued at $447,000 after acquiring an additional 71 shares during the last quarter. Vivaldi Capital Management LP raised its stake in shares of Apollo Global Management by 2.1% in the fourth quarter. Vivaldi Capital Management LP now owns 3,382 shares of the financial services provider's stock valued at $566,000 after acquiring an additional 71 shares during the period. Tower Wealth Partners Inc. lifted its holdings in shares of Apollo Global Management by 4.4% in the 4th quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider's stock worth $288,000 after acquiring an additional 74 shares during the last quarter. Finally, Sfmg LLC boosted its stake in shares of Apollo Global Management by 1.1% during the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock worth $902,000 after purchasing an additional 79 shares during the period. 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.