Apollo Global Management Inc. (NYSE:APO) Receives $151.23 Average Price Target from Analysts

Shares of Apollo Global Management Inc. (NYSE:APO) have received a consensus rating of “Moderate Buy” from the seventeen brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $151.3077.

APO has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Barclays raised their price objective on shares of Apollo Global Management from $131.00 to $132.00 and gave the stock an “overweight” rating in a research report on Thursday. Piper Sandler lifted their target price on shares of Apollo Global Management from $146.00 to $157.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. TD Cowen decreased their target price on shares of Apollo Global Management from $155.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, Wall Street Zen cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th.

Insiders Place Their Bets

In related news, insider John P. Zito sold 48,644 shares of the 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 directly owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.30% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

Several large investors have recently modified their holdings of the business. Schnieders Capital Management LLC. purchased a new stake in Apollo Global Management in the 2nd quarter valued at about $7,954,000. Baird Financial Group Inc. boosted its stake in Apollo Global Management by 117.5% during the second quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock worth $2,287,000 after buying an additional 8,709 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Apollo Global Management by 4.8% during the second quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock valued at $949,000 after acquiring an additional 305 shares during the last quarter. Nebula Research & Development LLC acquired a new stake in shares of Apollo Global Management during the second quarter valued at about $722,000. Finally, Northern Right Capital Management L.P. increased its position in shares of Apollo Global Management by 1.5% during the second quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock valued at $24,542,000 after acquiring an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Price Performance

NYSE:APO opened at $119.84 on Friday. Apollo Global Management has a one year low of $99.56 and a one year high of $157.28. The stock has a market cap of $69.09 billion, a PE ratio of 76.33, a P/E/G ratio of 1.02 and a beta of 1.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a 50 day moving average price of $128.46 and a 200 day moving average price of $126.06.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. The company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 earnings per share. Equities research analysts expect that Apollo Global Management will post 8.27 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were issued a $0.5625 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, May 19th. Apollo Global Management’s payout ratio is currently 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.