Apollo Global Management (NYSE:APO) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Apollo Global Management (NYSE:APO – Get Rating) in a research note released on Thursday morning. The brokerage issued a sell rating on the financial services provider’s stock.

A number of other equities analysts have also commented on APO. Morgan Stanley decreased their price target on shares of Apollo Global Management from $69.00 to $68.00 and set an equal weight rating on the stock in a report on Monday, February 13th. Barclays upped their price objective on Apollo Global Management from $80.00 to $85.00 and gave the stock an overweight rating in a report on Friday, February 10th. TheStreet raised Apollo Global Management from a d+ rating to a c rating in a research note on Thursday, February 9th. Oppenheimer lifted their price target on shares of Apollo Global Management to $74.00 in a research note on Wednesday, December 14th. Finally, Wells Fargo & Company boosted their price objective on shares of Apollo Global Management from $74.00 to $79.00 and gave the stock an overweight rating in a report on Friday, February 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $75.44.

Apollo Global Management Stock Down 3.8 %

Shares of NYSE APO opened at $56.53 on Thursday. The business has a 50-day moving average of $68.87 and a 200-day moving average of $62.04. The firm has a market capitalization of $32.26 billion, a price-to-earnings ratio of -10.13, a PEG ratio of 0.50 and a beta of 1.72. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.97. Apollo Global Management has a 12 month low of $45.62 and a 12 month high of $74.63.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Tuesday, February 21st were paid a $0.40 dividend. The ex-dividend date was Friday, February 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.83%. Apollo Global Management’s payout ratio is presently -28.67%.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 15,000 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $70.11, for a total value of $1,051,650.00. Following the sale, the chief financial officer now directly owns 425,120 shares in the company, valued at approximately $29,805,163.20. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider John J. Suydam sold 33,334 shares of the business’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $72.00, for a total transaction of $2,400,048.00. Following the transaction, the insider now owns 277,076 shares in the company, valued at $19,949,472. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin Kelly sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $70.11, for a total transaction of $1,051,650.00. Following the completion of the sale, the chief financial officer now owns 425,120 shares of the company’s stock, valued at $29,805,163.20. The disclosure for this sale can be found here. Insiders sold 111,667 shares of company stock valued at $7,898,208 in the last 90 days. Insiders own 15.40% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Several hedge funds have recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its holdings in Apollo Global Management by 7,183.3% in the first quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 431 shares in the last quarter. MADDEN SECURITIES Corp purchased a new stake in shares of Apollo Global Management in the 4th quarter worth about $30,000. Zions Bancorporation N.A. bought a new position in shares of Apollo Global Management in the 1st quarter worth about $30,000. Pinnacle Holdings LLC purchased a new position in Apollo Global Management during the 3rd quarter valued at about $31,000. Finally, Cambridge Trust Co. bought a new stake in Apollo Global Management during the second quarter worth about $34,000. 68.98% of the stock is currently owned by institutional investors.

Apollo Global Management Company Profile

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Apollo Global Management, Inc provides asset management services. It offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. The company was founded by Marc Rowan in 1990 and is headquartered in New York, NY.