Apollo Global Management Inc. (NYSE:APO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Apollo Global Management Inc. (NYSE:APO) has received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $165.6154.

Several equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a report on Monday, December 29th. UBS Group reduced their target price on Apollo Global Management from $186.00 to $182.00 and set a “buy” rating on the stock in a report on Tuesday. Piper Sandler restated an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. Barclays dropped their price target on Apollo Global Management from $172.00 to $168.00 and set an “overweight” rating on the stock in a research report on Friday, January 9th. Finally, Evercore ISI boosted their price objective on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the transaction, the chief financial officer owned 325,604 shares in the company, valued at approximately $42,787,621.64. This represents a 1.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APO. Chesapeake Asset Management LLC boosted its stake in shares of Apollo Global Management by 3.6% during the 4th quarter. Chesapeake Asset Management LLC now owns 2,065 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 72 shares during the period. Fortress Financial Solutions LLC boosted its position in Apollo Global Management by 1.6% during the second quarter. Fortress Financial Solutions LLC now owns 4,561 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 74 shares during the period. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Apollo Global Management by 44.0% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 77 shares during the last quarter. Linden Thomas Advisory Services LLC raised its position in shares of Apollo Global Management by 1.4% in the third quarter. Linden Thomas Advisory Services LLC now owns 5,553 shares of the financial services provider’s stock valued at $740,000 after purchasing an additional 78 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC lifted its stake in shares of Apollo Global Management by 0.8% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 9,553 shares of the financial services provider’s stock worth $1,383,000 after buying an additional 80 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Trading Down 0.1%

Apollo Global Management stock traded down $0.14 during midday trading on Friday, hitting $144.01. 2,295,586 shares of the stock were exchanged, compared to its average volume of 2,206,223. The stock has a market capitalization of $83.59 billion, a PE ratio of 21.05, a P/E/G ratio of 1.29 and a beta of 1.59. The company has a fifty day simple moving average of $140.13 and a two-hundred day simple moving average of $137.98. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. Apollo Global Management has a 52 week low of $102.58 and a 52 week high of $174.91.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 17th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, November 17th. Apollo Global Management’s dividend payout ratio (DPR) is presently 29.82%.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.