Analysts Set Apollo Global Management Inc. (NYSE:APO) Price Target at $151.23

Shares of Apollo Global Management Inc. (NYSE:APO) have earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $151.2308.

Several research analysts have commented on APO shares. The Goldman Sachs Group decreased their price target on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Argus raised shares of Apollo Global Management to a “strong-buy” rating in a research note on Thursday, February 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a research report on Thursday, May 7th. Barclays raised their price objective on Apollo Global Management from $125.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Morgan Stanley lowered their target price on Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st.

Insider Activity

In other news, insider John P. Zito sold 48,644 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total value of $6,355,825.04. Following the completion of the transaction, the insider owned 3,063,696 shares in the company, valued at $400,302,519.36. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 8.30% of the company’s stock.

Institutional Trading of Apollo Global Management

Hedge funds have recently modified their holdings of the business. Kohmann Bosshard Financial Services LLC purchased a new position in Apollo Global Management during the 4th quarter valued at about $29,000. MBM Wealth Consultants LLC purchased a new stake in Apollo Global Management in the first quarter worth about $29,000. Steigerwald Gordon & Koch Inc. increased its stake in shares of Apollo Global Management by 484.1% during the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 213 shares in the last quarter. Osbon Capital Management LLC purchased a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $36,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of Apollo Global Management by 57.8% during the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

APO opened at $139.05 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $80.17 billion, a P/E ratio of 87.88, a PEG ratio of 1.17 and a beta of 1.50. The stock has a 50-day moving average price of $126.23 and a 200-day moving average price of $128.06. Apollo Global Management has a 12-month low of $99.56 and a 12-month high of $157.28.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. The company had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.Apollo Global Management’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period last year, the firm posted $1.82 EPS. Equities analysts predict that Apollo Global Management will post 8.28 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s payout ratio is presently 143.31%.

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.