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

Shares of Apollo Global Management Inc. (NYSE:APO) have received a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $152.1538.

A number of equities research analysts have recently issued reports on APO shares. Weiss Ratings upgraded Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Wall Street Zen raised Apollo Global Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a report on Thursday, August 6th. Royal Bank Of Canada raised their target price on Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Finally, HSBC started coverage on shares of Apollo Global Management in a report on Monday, July 20th. They issued a “buy” rating and a $145.00 price objective for the company.

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 transaction, the chief financial officer directly owned 396,533 shares in the company, valued at approximately $55,847,707.72. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.30% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

A number of hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC boosted its stake in Apollo Global Management by 2.7% during the second quarter. Sequoia Financial Advisors LLC now owns 75,576 shares of the financial services provider’s stock worth $8,941,000 after buying an additional 1,961 shares during the period. Tidal Investments LLC raised its stake in shares of Apollo Global Management by 12.1% in the 2nd quarter. Tidal Investments LLC now owns 36,804 shares of the financial services provider’s stock valued at $4,354,000 after acquiring an additional 3,973 shares during the period. National Pension Service boosted its position in shares of Apollo Global Management by 3.9% during the 2nd quarter. National Pension Service now owns 879,811 shares of the financial services provider’s stock worth $104,090,000 after purchasing an additional 33,191 shares during the period. Engineers Gate Manager LP increased its holdings in Apollo Global Management by 207.3% in the 2nd quarter. Engineers Gate Manager LP now owns 6,619 shares of the financial services provider’s stock valued at $783,000 after purchasing an additional 4,465 shares during the last quarter. Finally, NorthRock Partners LLC increased its holdings in Apollo Global Management by 23.0% in the 2nd quarter. NorthRock Partners LLC now owns 5,464 shares of the financial services provider’s stock valued at $646,000 after purchasing an additional 1,020 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Trading Down 2.8%

Shares of APO stock opened at $124.32 on Friday. Apollo Global Management has a fifty-two week low of $99.56 and a fifty-two week high of $153.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The stock’s fifty day moving average is $129.22 and its two-hundred day moving average is $124.17. The firm has a market capitalization of $73.41 billion, a P/E ratio of 45.54, a PEG ratio of 1.12 and a beta of 1.52.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The business had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the prior year, the company posted $1.92 EPS. Research analysts expect that Apollo Global Management will post 8.08 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th were paid a $0.5625 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.25 annualized dividend and a dividend yield of 1.8%. Apollo Global Management’s dividend payout ratio is 82.42%.

More Apollo Global Management News

Here are the key news stories impacting Apollo Global Management this week:

• Positive Sentiment: Redemption requests from investors in Apollo’s private-credit fund reportedly eased during the third quarter, which could reduce near-term liquidity pressure compared with the prior quarter. Apollo private credit fund redemption requests ease in third quarter
• Positive Sentiment: Apollo is reportedly nearing a deal to acquire roughly a 16% stake in the New York Yankees, potentially giving the firm exposure to a highly valuable sports asset and expanding its alternative-investment platform. Apollo nears a 16% stake in the Yankees
• Neutral Sentiment: Commentary highlights Apollo’s push into artificial intelligence, global dealmaking and financing for hyperscalers. The strategy could create new growth opportunities, but it also increases exposure to large technology-related credit commitments. What Is Apollo Global Management Signaling With Its AI And Global Deal Push?
• Neutral Sentiment: Apollo clarified the disclosure status of a Form 8-K filing. The update appears procedural and does not indicate a material change to the company’s operating outlook. Apollo Global clarifies Form 8-K furnished disclosure status
• Negative Sentiment: Apollo again limited withdrawals from a private-credit fund after redemption requests reached about 14.7% of assets, underscoring liquidity concerns even though requests reportedly moderated. Restricted withdrawals can damage investor confidence and slow fundraising. Apollo Global caps private credit fund again as 14.7% look to exit
• Negative Sentiment: Apollo’s Atlas platform could face as much as a $1.1 billion loss following the collapse of UK-based MFS, according to reports. The potential hit raises concerns about underwriting quality, portfolio marks and earnings volatility. Apollo’s Atlas facing $1.1 billion potential hit on collapse of UK’s MFS
• Negative Sentiment: Analysts and market commentary warned that hyperscaler financing depends heavily on sustained cash-flow growth, highlighting concentration and credit risks in Apollo’s technology-related lending strategy. Hyperscaler credit hinges on a single cash-flow bet

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and retirement services. The company serves institutional investors, businesses and individual investors through a range of strategies focused on private equity, credit, real assets and other long-term investments.

Apollo’s asset-management business invests across industries and geographies, with activities that include corporate and structured credit, private equity, infrastructure, real estate and hybrid strategies.