BMO Capital Markets Cuts Apollo Global Management (NYSE:APO) Price Target to $116.00

Apollo Global Management (NYSE:APOFree Report) had its price objective trimmed by BMO Capital Markets from $135.00 to $116.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

Other equities analysts have also recently issued reports about the company. Piper Sandler reissued an “overweight” rating and set a $165.00 price target on shares of Apollo Global Management in a report on Tuesday, February 10th. Wolfe Research reiterated an “outperform” rating on shares of Apollo Global Management in a research report on Wednesday, January 7th. Royal Bank Of Canada initiated coverage on Apollo Global Management in a report on Monday, February 23rd. They issued a “sector perform” rating and a $142.00 target price on the stock. JPMorgan Chase & Co. cut their price target on Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Finally, Morgan Stanley increased their price objective on shares of Apollo Global Management from $180.00 to $181.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.13.

Read Our Latest Research Report on APO

Apollo Global Management Stock Down 0.1%

APO opened at $109.74 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average price of $120.77 and a 200-day moving average price of $130.40. Apollo Global Management has a twelve month low of $99.56 and a twelve month high of $157.28. The stock has a market capitalization of $63.46 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 0.89 and a beta of 1.60.

Apollo Global Management (NYSE:APOGet Free Report) last issued its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The company had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the company posted $2.39 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. Equities research analysts forecast that Apollo Global Management will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 19th were paid a dividend of $0.51 per share. The ex-dividend date was Thursday, February 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.9%. Apollo Global Management’s payout ratio is 36.96%.

Institutional Investors Weigh In On Apollo Global Management

Institutional investors have recently bought and sold shares of the business. Plato Investment Management Ltd boosted its position in shares of Apollo Global Management by 100.3% during the third quarter. Plato Investment Management Ltd now owns 10,888 shares of the financial services provider’s stock worth $1,440,000 after acquiring an additional 5,452 shares during the last quarter. NEOS Investment Management LLC increased its holdings in Apollo Global Management by 48.7% in the 3rd quarter. NEOS Investment Management LLC now owns 52,506 shares of the financial services provider’s stock valued at $6,997,000 after acquiring an additional 17,204 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Apollo Global Management by 11.0% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 900,554 shares of the financial services provider’s stock worth $120,017,000 after purchasing an additional 89,439 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Apollo Global Management by 39.2% in the 2nd quarter. Hsbc Holdings PLC now owns 842,391 shares of the financial services provider’s stock worth $119,482,000 after purchasing an additional 237,180 shares in the last quarter. Finally, Diversified Trust Co boosted its holdings in shares of Apollo Global Management by 2,649.9% during the 3rd quarter. Diversified Trust Co now owns 42,238 shares of the financial services provider’s stock valued at $5,629,000 after purchasing an additional 40,702 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Key Stories Impacting Apollo Global Management

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Apollo Global Management Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Apollo Global Management (NYSE:APO)

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