Apollo Global Management (NYSE:APO) Price Target Raised to $123.00

Apollo Global Management (NYSE:APO) had its price target raised by JPMorgan Chase & Co. from $122.00 to $123.00 in a research note published on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

A number of other research analysts have also weighed in on the company. BMO Capital Markets raised their price objective on Apollo Global Management from $111.00 to $122.00 and gave the company an outperform rating in a report on Friday, April 5th. TD Cowen began coverage on Apollo Global Management in a research note on Thursday, January 4th. They issued an outperform rating and a $115.00 target price for the company. Wells Fargo & Company raised their target price on Apollo Global Management from $110.00 to $118.00 and gave the stock an overweight rating in a research note on Friday, February 9th. Citigroup raised their target price on Apollo Global Management from $111.00 to $125.00 and gave the stock a buy rating in a research note on Tuesday, February 13th. Finally, Keefe, Bruyette & Woods raised their target price on Apollo Global Management from $122.00 to $131.00 and gave the stock an outperform rating in a research note on Thursday, March 7th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of Moderate Buy and a consensus price target of $113.33.

Apollo Global Management Trading Up 0.3 %

Shares of APO stock opened at $112.19 on Wednesday. The stock’s fifty day moving average is $111.23 and its two-hundred day moving average is $99.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market capitalization of $63.74 billion, a P/E ratio of 13.34, a PEG ratio of 0.94 and a beta of 1.63. Apollo Global Management has a fifty-two week low of $57.50 and a fifty-two week high of $117.15.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The company had revenue of $795.00 million for the quarter, compared to analyst estimates of $823.27 million. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. Research analysts expect that Apollo Global Management will post 7.44 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, February 16th. Apollo Global Management’s payout ratio is 20.45%.

Insider Buying and Selling

In related news, insider Whitney Chatterjee sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total transaction of $1,333,200.00. Following the completion of the sale, the insider now directly owns 123,901 shares of the company’s stock, valued at approximately $13,765,401.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Apollo Global Management news, CFO Martin Kelly sold 14,000 shares of Apollo Global Management stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $109.09, for a total value of $1,527,260.00. Following the completion of the transaction, the chief financial officer now directly owns 366,572 shares of the company’s stock, valued at approximately $39,989,339.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Whitney Chatterjee sold 12,000 shares of Apollo Global Management stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $111.10, for a total value of $1,333,200.00. Following the completion of the transaction, the insider now directly owns 123,901 shares of the company’s stock, valued at $13,765,401.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,426,000 shares of company stock valued at $158,226,960. 8.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Apollo Global Management

Several institutional investors have recently bought and sold shares of the company. Yousif Capital Management LLC grew its position in Apollo Global Management by 3.8% in the 1st quarter. Yousif Capital Management LLC now owns 7,789 shares of the financial services provider’s stock valued at $876,000 after acquiring an additional 287 shares in the last quarter. YHB Investment Advisors Inc. boosted its stake in shares of Apollo Global Management by 33.2% in the 1st quarter. YHB Investment Advisors Inc. now owns 5,823 shares of the financial services provider’s stock valued at $655,000 after buying an additional 1,453 shares during the period. Davies Financial Advisors Inc. purchased a new position in shares of Apollo Global Management in the 1st quarter valued at about $555,000. Lindbrook Capital LLC boosted its stake in shares of Apollo Global Management by 8.5% in the 1st quarter. Lindbrook Capital LLC now owns 1,308 shares of the financial services provider’s stock valued at $147,000 after buying an additional 102 shares during the period. Finally, Seven Post Investment Office LP purchased a new position in shares of Apollo Global Management in the 1st quarter valued at about $238,000. 77.06% of the stock is owned by institutional investors and hedge funds.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.