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

Apollo Global Management Inc. (NYSE:APO) has earned a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $162.8462.

APO has been the subject of several recent research reports. Barclays lifted their price objective on Apollo Global Management from $158.00 to $159.00 and gave the company an “overweight” rating in a research note on Tuesday. Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Apollo Global Management in a report on Monday. BMO Capital Markets set a $136.00 price objective on shares of Apollo Global Management and gave the company a “market perform” rating in a research report on Tuesday. Finally, Piper Sandler restated an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th.

Apollo Global Management Trading Down 0.1%

APO opened at $130.50 on Friday. Apollo Global Management has a 12 month low of $102.58 and a 12 month high of $189.49. The stock has a market capitalization of $75.74 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.42 and a beta of 1.63. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The business has a fifty day moving average price of $129.24 and a 200 day moving average price of $135.93.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be paid a $0.51 dividend. The ex-dividend date is Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. Apollo Global Management’s dividend payout ratio (DPR) is currently 29.82%.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the completion of the sale, the insider directly owned 4,526,000 shares of the company’s stock, valued at $606,619,780. The trade was a 16.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Apollo Global Management

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Delos Wealth Advisors LLC purchased a new stake in Apollo Global Management during the second quarter worth approximately $25,000. GW&K Investment Management LLC lifted its position in shares of Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after buying an additional 87 shares during the last quarter. Atlantic Union Bankshares Corp boosted its holdings in shares of Apollo Global Management by 99.0% in the 3rd 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. Activest Wealth Management boosted its holdings in shares of Apollo Global Management by 875.0% in the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after buying an additional 175 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new position in shares of Apollo Global Management in the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

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.