Apollo Global Management (NYSE:APO) Rating Lowered to Sell at StockNews.com

StockNews.com downgraded shares of Apollo Global Management (NYSE:APOFree Report) from a hold rating to a sell rating in a research note published on Wednesday.

APO has been the subject of a number of other reports. Jefferies Financial Group dropped their price objective on shares of Apollo Global Management from $119.00 to $117.00 and set a hold rating for the company in a report on Thursday, May 9th. Barclays lowered their price target on shares of Apollo Global Management from $133.00 to $131.00 and set an overweight rating for the company in a research note on Friday, May 3rd. JPMorgan Chase & Co. boosted their price target on shares of Apollo Global Management from $122.00 to $123.00 and gave the stock an overweight rating in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods boosted their price target on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an outperform rating in a research note on Thursday, March 7th. Finally, JMP Securities reissued a market perform rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $115.62.

Check Out Our Latest Stock Analysis on APO

Apollo Global Management Stock Performance

NYSE APO opened at $117.78 on Wednesday. Apollo Global Management has a 52-week low of $72.44 and a 52-week high of $119.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market capitalization of $66.92 billion, a P/E ratio of 13.04, a P/E/G ratio of 0.97 and a beta of 1.61. The company has a fifty day moving average of $113.28 and a 200-day moving average of $107.06.

Apollo Global Management (NYSE:APOGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. The company had revenue of $839.00 million for the quarter, compared to the consensus estimate of $827.33 million. As a group, equities research analysts predict that Apollo Global Management will post 7.19 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a $0.463 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.57%. Apollo Global Management’s payout ratio is presently 20.49%.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the transaction, the chief financial officer now owns 359,445 shares in the company, valued at $40,002,634.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale increased its stake in shares of Apollo Global Management by 21.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 87,538 shares of the financial services provider’s stock valued at $9,820,000 after purchasing an additional 15,526 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Apollo Global Management by 21.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 206,800 shares of the financial services provider’s stock valued at $23,255,000 after purchasing an additional 36,800 shares in the last quarter. Cetera Advisors LLC increased its stake in shares of Apollo Global Management by 415.2% during the first quarter. Cetera Advisors LLC now owns 13,875 shares of the financial services provider’s stock valued at $1,560,000 after purchasing an additional 11,182 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Apollo Global Management by 404.4% during the first quarter. Cetera Investment Advisers now owns 49,561 shares of the financial services provider’s stock valued at $5,573,000 after purchasing an additional 39,735 shares in the last quarter. Finally, PGGM Investments bought a new position in shares of Apollo Global Management during the first quarter valued at approximately $840,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Apollo Global Management (NYSE:APO)

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