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

Shares of Apollo Global Management Inc. (NYSE:APOGet Free Report) have earned an average recommendation of “Moderate Buy” from the nineteen ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $158.1333.

A number of research firms recently weighed in on APO. Morgan Stanley lifted their price target on Apollo Global Management from $180.00 to $181.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a report on Monday, December 29th. Piper Sandler restated an “overweight” rating and set a $165.00 target price on shares of Apollo Global Management in a research report on Tuesday, February 10th. UBS Group lowered their price target on shares of 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. Finally, TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a report on Thursday, February 12th.

Read Our Latest Stock Report on Apollo Global Management

Apollo Global Management News Roundup

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

Institutional Investors Weigh In On Apollo Global Management

Several institutional investors have recently modified their holdings of APO. Delos Wealth Advisors LLC acquired a new position in Apollo Global Management during the second quarter worth $25,000. Atlantic Union Bankshares Corp increased its position in shares of 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 buying an additional 99 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Apollo Global Management during the 4th quarter worth $29,000. SJS Investment Consulting Inc. raised its stake in shares of Apollo Global Management by 1,123.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after buying an additional 191 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in shares of Apollo Global Management in the 3rd quarter worth about $28,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $106.93 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.33. The company has a market cap of $61.83 billion, a P/E ratio of 19.37, a PEG ratio of 0.89 and a beta of 1.56. Apollo Global Management has a 52 week low of $99.56 and a 52 week high of $157.28. The company has a 50-day moving average price of $117.59 and a 200 day moving average price of $129.49.

Apollo Global Management (NYSE:APOGet Free Report) last released its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.43. The company had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.39 EPS. Research analysts predict that Apollo Global Management will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

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

Apollo Global Management Company Profile

(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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