Apollo Global Management Inc. (NYSE:APO) Stock Rated “Moderate Buy” by Sell-Side Analysts

Apollo Global Management Inc. (NYSE:APO) has earned a consensus rating of “Moderate Buy” from the nineteen analysts that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $145.21.

A number of research analysts recently commented on APO shares. HSBC assumed coverage on Apollo Global Management in a report on Monday, July 20th. They issued a “buy” rating and a $145.00 price target on the stock. Wells Fargo & Company assumed coverage on shares of Apollo Global Management in a report on Friday, October 2nd. They set an “equal weight” rating and a $127.00 price objective for the company. Wall Street Zen cut shares of Apollo Global Management from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 7th. Barclays lowered their target price on shares of Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, November 4th. Finally, Morgan Stanley dropped their target price on shares of Apollo Global Management from $150.00 to $149.00 and set an “overweight” rating for the company in a research report on Wednesday, November 4th.

Apollo Global Management Stock Performance

NYSE APO opened at $123.06 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.41. Apollo Global Management has a twelve month low of $99.56 and a twelve month high of $153.29. The business has a 50-day moving average price of $120.07 and a 200-day moving average price of $122.71. The firm has a market cap of $72.67 billion, a price-to-earnings ratio of -67.25, a price-to-earnings-growth ratio of 1.16 and a beta of 1.51.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Wednesday, November 18th will be issued a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, November 18th. Apollo Global Management’s payout ratio is currently -122.95%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the transaction, the chief financial officer owned 396,533 shares of the company’s stock, valued at $55,847,707.72. This represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Whitney Chatterjee sold 7,339 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total value of $864,754.37. Following the transaction, the insider owned 129,151 shares of the company’s stock, valued at approximately $15,217,862.33. The trade was a 5.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 8.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Apollo Global Management

A number of hedge funds have recently made changes to their positions in the company. Legal & General Group Plc bought a new position in Apollo Global Management during the second quarter valued at approximately $459,987,000. Bank of New York Mellon Corp bought a new stake in Apollo Global Management in the 2nd quarter worth approximately $336,644,000. Boston Partners increased its stake in Apollo Global Management by 58.9% in the 3rd quarter. Boston Partners now owns 5,334,217 shares of the financial services provider’s stock worth $619,058,000 after acquiring an additional 1,977,522 shares during the last quarter. Temasek Holdings Private Ltd increased its stake in Apollo Global Management by 214.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after acquiring an additional 1,614,813 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Apollo Global Management during the 2nd quarter worth approximately $172,290,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Company Profile

Apollo Global Management is a global alternative asset manager that provides investment management and retirement services. Its investment strategies span private equity, credit and real assets, including infrastructure, and it serves institutional and individual investors. The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan. It has since expanded its investment businesses and retirement-services operations, including through Athene, its retirement services platform. Apollo operates across global markets and is led by co-founder Marc Rowan, who serves as chief executive officer.