Apollo Global Management Inc. (NYSE:APO) Receives Average Rating of “Moderate Buy” from Brokerages

Apollo Global Management Inc. (NYSE:APO) has received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $150.3846.

A number of analysts have commented on APO shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Royal Bank Of Canada lifted their target price on Apollo Global Management from $139.00 to $146.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Piper Sandler reduced their target price on Apollo Global Management from $165.00 to $146.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. The Goldman Sachs Group reduced their target price on Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. reduced their target price on Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th.

Institutional Trading of Apollo Global Management

Several large investors have recently modified their holdings of the company. Chesapeake Asset Management LLC grew its holdings in shares of Apollo Global Management by 3.6% in the fourth quarter. Chesapeake Asset Management LLC now owns 2,065 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 72 shares during the period. Linden Thomas Advisory Services LLC grew its holdings in shares of Apollo Global Management by 1.4% in the third quarter. Linden Thomas Advisory Services LLC now owns 5,553 shares of the financial services provider’s stock worth $740,000 after acquiring an additional 78 shares during the period. Mitchell & Pahl Private Wealth LLC grew its holdings in shares of Apollo Global Management by 0.8% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 9,553 shares of the financial services provider’s stock worth $1,383,000 after acquiring an additional 80 shares during the period. Sunbelt Securities Inc. grew its holdings in shares of Apollo Global Management by 16.9% in the third quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 82 shares during the period. Finally, United Advisor Group LLC grew its holdings in shares of Apollo Global Management by 4.7% in the fourth quarter. United Advisor Group LLC now owns 1,948 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 87 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Down 1.8%

Apollo Global Management stock opened at $128.50 on Friday. The firm has a market cap of $74.08 billion, a price-to-earnings ratio of 81.85, a PEG ratio of 1.10 and a beta of 1.52. The stock has a fifty day simple moving average of $118.81 and a two-hundred day simple moving average of $127.96. Apollo Global Management has a 12 month low of $99.56 and a 12 month high of $157.28. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45.

Apollo Global Management (NYSE:APO) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The company’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 EPS. Equities analysts predict that Apollo Global Management will post 8.29 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be issued a $0.5625 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 annualized dividend and a dividend yield of 1.8%. Apollo Global Management’s dividend payout ratio is presently 143.31%.

About Apollo Global Management

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.