Apollo Global Management, Inc. (NYSE:APO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Apollo Global Management, Inc. (NYSE:APO) has received an average recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $129.65.

Several research analysts recently issued reports on APO shares. Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $124.00 to $123.00 in a research report on Tuesday, August 6th. Redburn Atlantic began coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. Redburn Partners started coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. Evercore ISI increased their price objective on Apollo Global Management from $128.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 15th.

Insiders Place Their Bets

In related news, Director Pauline Richards purchased 2,351 shares of Apollo Global Management stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the acquisition, the director now directly owns 85,854 shares of the company’s stock, valued at $9,007,801.68. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 8.50% of the company’s stock.

Institutional Trading of Apollo Global Management

A number of institutional investors have recently modified their holdings of the company. CWA Asset Management Group LLC lifted its stake in Apollo Global Management by 2.8% in the 4th quarter. CWA Asset Management Group LLC now owns 3,399 shares of the financial services provider’s stock valued at $317,000 after acquiring an additional 94 shares in the last quarter. FineMark National Bank & Trust lifted its position in shares of Apollo Global Management by 2.4% in the second quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 98 shares in the last quarter. Orion Capital Management LLC boosted its holdings in Apollo Global Management by 20.0% during the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 100 shares during the last quarter. Lindbrook Capital LLC grew its position in Apollo Global Management by 8.5% in the first quarter. Lindbrook Capital LLC now owns 1,308 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 102 shares in the last quarter. Finally, Valley National Advisers Inc. increased its stake in Apollo Global Management by 0.9% in the 1st quarter. Valley National Advisers Inc. now owns 11,519 shares of the financial services provider’s stock valued at $1,295,000 after buying an additional 104 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Price Performance

NYSE:APO opened at $125.81 on Monday. The firm has a market cap of $71.48 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.30 and a beta of 1.61. The company’s 50-day moving average price is $113.99 and its two-hundred day moving average price is $114.22. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. Apollo Global Management has a 12 month low of $77.11 and a 12 month high of $126.93.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. During the same period in the prior year, the business earned $1.54 earnings per share. On average, equities analysts anticipate that Apollo Global Management will post 6.62 EPS for the current fiscal year.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.4625 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.85 annualized dividend and a dividend yield of 1.47%. Apollo Global Management’s dividend payout ratio is presently 20.49%.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.