Apollo Global Management Inc. (NYSE:APO) Receives $149.08 Consensus PT from Analysts

Shares of Apollo Global Management Inc. (NYSE:APO) have been assigned an average rating of “Moderate Buy” from the seventeen research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $149.0769.

Several brokerages recently commented on APO. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. BMO Capital Markets cut their price target on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating on the stock in a research report on Monday, July 13th. The Goldman Sachs Group reduced their price objective on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Keefe, Bruyette & Woods upgraded Apollo Global Management to a “hold” rating in a report on Monday, July 20th. Finally, UBS Group lifted their target price on Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, May 8th.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the transaction, the insider owned 3,063,696 shares of the company’s stock, valued at $400,302,519.36. The trade was a 1.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Apollo Global Management by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider’s stock valued at $6,913,826,000 after acquiring an additional 340,956 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Apollo Global Management by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 10,198,837 shares of the financial services provider’s stock worth $1,469,793,000 after purchasing an additional 200,312 shares during the last quarter. Northern Trust Corp increased its stake in shares of Apollo Global Management by 1.4% during the 4th quarter. Northern Trust Corp now owns 4,448,618 shares of the financial services provider’s stock worth $643,982,000 after purchasing an additional 62,831 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Apollo Global Management by 4.5% in the 4th quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock valued at $522,850,000 after purchasing an additional 155,857 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Apollo Global Management by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,288,100 shares of the financial services provider’s stock valued at $475,985,000 after purchasing an additional 98,945 shares during the period. 77.06% of the stock is owned by institutional investors.

Key Headlines Impacting Apollo Global Management

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

• Positive Sentiment: Apollo acquired Maverick Water Group, a Houston-based developer and operator of alternative non-potable water systems serving Texas communities. The transaction expands Apollo’s investment exposure to water infrastructure and resource-efficiency assets; financial terms were not disclosed, and Maverick’s management retained a minority stake. Apollo Funds Acquire Maverick Water Group
• Positive Sentiment: Apollo selected Austin, Texas, for a new strategic growth hub focused on emerging technology, innovation and new businesses across its asset-management and retirement-solutions platforms. The office, led by Eric Needleman and Mike Downing, is intended to improve access to technology talent, incubate products and strengthen relationships with innovative companies and potential long-term capital partners. Apollo’s global headquarters will remain in New York. Apollo Selects Austin for Strategic Hub
• Neutral Sentiment: Quarterly earnings are expected Tuesday. The report will be an important near-term catalyst. Apollo’s latest results included an earnings-per-share beat, but revenue declined year over year, making asset-raising, fee income and outlook commentary key areas for investors to watch. Apollo Global Management Projected to Release Quarterly Earnings
• Negative Sentiment: Wall Street Zen reportedly changed its rating to Sell, adding a bearish signal ahead of the earnings release. The downgrade could weigh on sentiment, although it appears to be a single-source rating change rather than a broad analyst consensus shift. Apollo Global Management Rating Increased to Sell
• Negative Sentiment: Recent insider activity has been limited to selling: Co-President John P. Zito reportedly sold 48,644 shares over the past six months, with no disclosed insider purchases. While sales may reflect portfolio planning or compensation, the absence of insider buying provides no incremental confidence signal.

Apollo Global Management Trading Up 3.1%

NYSE APO opened at $129.51 on Thursday. Apollo Global Management has a 52 week low of $99.56 and a 52 week high of $153.29. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The stock’s 50 day moving average price is $125.36 and its two-hundred day moving average price is $123.03. The stock has a market capitalization of $74.66 billion, a price-to-earnings ratio of 82.49, a PEG ratio of 1.10 and a beta of 1.50.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.05. The company had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The business’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period last year, the business earned $1.82 EPS. As a group, analysts anticipate that Apollo Global Management will post 8.18 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were paid a $0.5625 dividend. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, May 19th. Apollo Global Management’s dividend payout ratio is 143.31%.

About Apollo Global Management

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.