Apollo Global Management (NYSE:APO) Research Coverage Started at Redburn Atlantic

Redburn Atlantic started coverage on shares of Apollo Global Management (NYSE:APO - Free Report) in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $153.00 price target on the financial services provider's stock.

Several other research analysts also recently commented on the stock. Bank of America upgraded shares of Apollo Global Management from a neutral rating to a buy rating and dropped their target price for the stock from $124.00 to $123.00 in a report on Tuesday, August 6th. Keefe, Bruyette & Woods lifted their target price on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an outperform rating in a report on Friday, July 12th. Argus dropped 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 report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Apollo Global Management from $129.00 to $124.00 and set a buy rating on the stock in a research report on Thursday, August 15th. Finally, UBS Group raised their price target on shares of Apollo Global Management from $116.00 to $123.00 and gave the stock a neutral rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Apollo Global Management currently has an average rating of Moderate Buy and a consensus target price of $128.19.

Apollo Global Management Stock Up 1.5 %

Shares of Apollo Global Management stock traded up $1.69 during midday trading on Tuesday, reaching $113.58. 2,076,599 shares of the company's stock traded hands, compared to its average volume of 2,501,039. The company has a market cap of $64.53 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 0.95 and a beta of 1.59. The company's 50 day simple moving average is $115.53 and its 200 day simple moving average is $113.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 1.60. Apollo Global Management has a 52 week low of $77.11 and a 52 week high of $126.45.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.67 by ($0.03). The business had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 17.97%. During the same quarter in the prior year, the business posted $1.54 EPS. Equities analysts expect that Apollo Global Management will post 7.09 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, August 16th. Apollo Global Management's dividend payout ratio is presently 20.49%.

Insider Activity at Apollo Global Management

In other news, Director Pauline Richards acquired 2,351 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the acquisition, the director now owns 85,854 shares in the company, valued at $9,007,801.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.50% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of APO. Vanguard Group Inc. boosted its holdings in shares of Apollo Global Management by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 41,038,114 shares of the financial services provider's stock valued at $3,824,342,000 after buying an additional 750,781 shares during the period. Capital International Investors boosted its holdings in shares of Apollo Global Management by 2.1% in the fourth quarter. Capital International Investors now owns 10,775,413 shares of the financial services provider's stock valued at $1,004,161,000 after buying an additional 218,566 shares during the period. Norges Bank acquired a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $586,016,000. Putnam Investments LLC boosted its holdings in shares of Apollo Global Management by 2.8% in the fourth quarter. Putnam Investments LLC now owns 5,939,220 shares of the financial services provider's stock valued at $553,476,000 after buying an additional 164,400 shares during the period. Finally, Capital Research Global Investors boosted its holdings in shares of Apollo Global Management by 40.3% in the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider's stock valued at $532,852,000 after buying an additional 1,360,525 shares during the period. Institutional investors and hedge funds 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 and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.