Analysts Set Apollo Global Management, Inc. (NYSE:APO) Price Target at $157.95

Shares of Apollo Global Management, Inc. (NYSE:APO) have earned an average recommendation of “Moderate Buy” from the twenty research firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $156.00.

A number of research firms have weighed in on APO. Morgan Stanley lowered their price target on Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Monday. Keefe, Bruyette & Woods dropped their target price 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. Citigroup decreased their price target on shares of Apollo Global Management from $191.00 to $138.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Bank of America upped their price objective on shares of Apollo Global Management from $186.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 4th. Finally, TD Cowen lowered their price target on shares of Apollo Global Management from $214.00 to $144.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $127.71 on Friday. Apollo Global Management has a one year low of $95.11 and a one year high of $189.49. 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 capitalization of $72.85 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.17 and a beta of 1.66. The company’s fifty day moving average price is $140.13 and its 200-day moving average price is $153.47.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.4625 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.45%. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 trade represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the purchase, the insider now directly owns 621,754 shares in the company, valued at $69,257,178.06. The trade was a 4,331.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

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

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.