Apollo Global Management Inc. (NYSE:APO) Stock Has Consensus Target Price of $153.05

Apollo Global Management Inc. (NYSE:APO) has been given an average recommendation of “Moderate Buy” by the twenty research firms that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $151.90.

APO has been the topic of a number of analyst reports. HSBC initiated coverage on shares of Apollo Global Management in a research report on Monday, July 20th. They set a “buy” rating and a $145.00 price objective on the stock. Jefferies Financial Group decreased their price objective on Apollo Global Management from $138.00 to $127.00 and set a “hold” rating for the company in a report on Tuesday, October 6th. The Goldman Sachs Group lowered their target price on Apollo Global Management from $154.00 to $148.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Rothschild & Co Redburn lifted their price objective on shares of Apollo Global Management from $171.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Bank of America reduced their target price on Apollo Global Management from $163.00 to $161.00 in a research report on Monday, October 5th.

Apollo Global Management Stock Up 0.3%

Shares of APO opened at $111.09 on Tuesday. Apollo Global Management has a 1 year low of $99.56 and a 1 year high of $153.29. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The business’s 50 day simple moving average is $126.35 and its 200-day simple moving average is $125.22. The stock has a market capitalization of $65.60 billion, a price-to-earnings ratio of 40.69, a price-to-earnings-growth ratio of 0.98 and a beta of 1.58.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The business had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. During the same period in the previous year, the business earned $1.92 earnings per share. As a group, equities analysts expect that Apollo Global Management will post 8.00 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were given a dividend of $0.5625 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a yield of 2.0%. Apollo Global Management’s payout ratio is currently 82.42%.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was 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. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Apollo Global Management

Several hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Apollo Global Management by 4.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock worth $669,372,000 after buying an additional 234,517 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Apollo Global Management during the 2nd quarter valued at approximately $459,987,000. Mariner LLC grew its holdings in shares of Apollo Global Management by 15.9% during the 4th quarter. Mariner LLC now owns 2,433,623 shares of the financial services provider’s stock worth $355,001,000 after purchasing an additional 334,031 shares during the period. Bank of New York Mellon Corp acquired a new position in Apollo Global Management in the second quarter valued at about $336,644,000. Finally, Temasek Holdings Private Ltd lifted its holdings in shares of Apollo Global Management by 214.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after acquiring an additional 1,614,813 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.