Apollo Global Management (NYSE:APO) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Apollo Global Management (NYSE:APO) from a strong sell rating to a hold rating in a research report report published on Tuesday.

A number of other equities research analysts have also weighed in on the company. Royal Bank Of Canada boosted their target price on Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods raised Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. Barclays boosted their price objective on Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. BMO Capital Markets dropped their price objective on Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating for the company in a research note on Monday, July 13th. Finally, Morgan Stanley cut their target price on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and an average target price of $152.77.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $133.91 on Tuesday. The firm has a market capitalization of $79.08 billion, a PE ratio of 49.05, a price-to-earnings-growth ratio of 1.26 and a beta of 1.51. The business’s 50-day moving average price is $126.70 and its 200-day moving average price is $122.72. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. Apollo Global Management has a 12 month low of $99.56 and a 12 month high of $153.29.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the previous year, the firm posted $1.92 earnings per share. Sell-side analysts forecast that Apollo Global Management will post 8.12 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is currently 82.42%.

Insiders Place Their Bets

In related news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the sale, the chief financial officer owned 396,533 shares in the company, valued at $55,847,707.72. The trade was a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John P. Zito sold 48,644 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the transaction, the insider directly owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. The trade was a 1.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 8.30% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

A number of institutional investors have recently bought and sold shares of the stock. Schnieders Capital Management LLC. purchased a new position in shares of Apollo Global Management during the 2nd quarter worth approximately $7,954,000. Baird Financial Group Inc. raised its position in shares of Apollo Global Management by 117.5% in the 2nd quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock worth $2,287,000 after purchasing an additional 8,709 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Apollo Global Management by 4.8% in the second quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock worth $949,000 after buying an additional 305 shares in the last quarter. Nebula Research & Development LLC bought a new position in Apollo Global Management in the 2nd quarter valued at approximately $722,000. Finally, Northern Right Capital Management L.P. lifted its holdings 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 purchasing an additional 2,500 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Company Profile

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.