Apollo Global Management Inc. (NYSE:APO) Receives $161.27 Consensus Target Price from Analysts

Shares of Apollo Global Management Inc. (NYSE:APOGet Free Report) have received a consensus rating of “Moderate Buy” from the nineteen brokerages that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $159.4667.

A number of brokerages have weighed in on APO. UBS Group reduced their price target on Apollo Global Management from $182.00 to $152.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research note on Monday, December 29th. Morgan Stanley boosted their price objective on shares of Apollo Global Management from $180.00 to $181.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Wall Street Zen raised Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a report on Tuesday, February 10th.

Check Out Our Latest Analysis on APO

Institutional Trading of Apollo Global Management

Several large investors have recently added to or reduced their stakes in the stock. Delos Wealth Advisors LLC purchased a new stake in shares of Apollo Global Management during the 2nd quarter valued at about $25,000. Atlantic Union Bankshares Corp grew its position in Apollo Global Management by 99.0% in the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 99 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Apollo Global Management during the third quarter valued at approximately $28,000. SJS Investment Consulting Inc. raised its stake in shares of Apollo Global Management by 1,123.5% during the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 191 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Apollo Global Management during the fourth quarter worth $29,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Stock Up 2.5%

APO opened at $109.79 on Monday. The firm has a market cap of $63.72 billion, a P/E ratio of 19.89, a PEG ratio of 0.86 and a beta of 1.60. The business’s fifty day simple moving average is $132.86 and its 200 day simple moving average is $133.36. Apollo Global Management has a 52 week low of $99.56 and a 52 week high of $157.28. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APOGet Free Report) last announced its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $2.39 earnings per share. As a group, equities research analysts anticipate that Apollo Global Management will post 8 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 19th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, February 19th. Apollo Global Management’s payout ratio is 36.96%.

Key Stories Impacting Apollo Global Management

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About Apollo Global Management

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Apollo Global Management (NYSE:APO)

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