Apollo Global Management, Inc. (NYSE:APO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Apollo Global Management, Inc. (NYSE:APO) have been assigned an average rating of “Moderate Buy” from the twenty analysts that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $165.21.

Several equities analysts have recently issued reports on APO shares. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Wells Fargo & Company lowered their price target on Apollo Global Management from $187.00 to $177.00 and set an “overweight” rating for the company in a research report on Thursday. BMO Capital Markets lifted their price target on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods lowered their price target on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Finally, Morgan Stanley lifted their price objective on Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was 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 in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the transaction, the insider now owns 34,604,773 shares of the company’s stock, valued at approximately $4,913,877,766. This trade represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in APO. Aptus Capital Advisors LLC purchased a new position in Apollo Global Management in the 3rd quarter worth approximately $250,000. KBC Group NV lifted its holdings in Apollo Global Management by 15.4% in the 3rd quarter. KBC Group NV now owns 63,047 shares of the financial services provider’s stock worth $7,875,000 after purchasing an additional 8,416 shares in the last quarter. Metis Global Partners LLC lifted its holdings in Apollo Global Management by 8.7% in the 3rd quarter. Metis Global Partners LLC now owns 10,186 shares of the financial services provider’s stock worth $1,272,000 after purchasing an additional 819 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Apollo Global Management by 4.9% in the 3rd quarter. CIBC Asset Management Inc now owns 19,094 shares of the financial services provider’s stock worth $2,385,000 after purchasing an additional 899 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in Apollo Global Management by 145.3% in the 3rd quarter. Empowered Funds LLC now owns 38,874 shares of the financial services provider’s stock worth $4,856,000 after purchasing an additional 23,024 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

APO opened at $143.53 on Monday. The stock has a 50-day moving average price of $154.31 and a 200-day moving average price of $151.74. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market cap of $81.88 billion, a PE ratio of 19.63, a P/E/G ratio of 1.17 and a beta of 1.66. Apollo Global Management has a 1 year low of $95.11 and a 1 year high of $189.49.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.29%. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

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.