Apollo Global Management LLC (APO) Receives Consensus Rating of “Buy” from Analysts
Apollo Global Management LLC (NYSE:APO) has been given a consensus recommendation of “Buy” by the ten analysts that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $38.14.
A number of research firms have recently issued reports on APO. Morgan Stanley lowered shares of Apollo Global Management from an “overweight” rating to an “equal weight” rating and set a $34.00 target price for the company. in a report on Wednesday, November 14th. Citigroup dropped their target price on shares of Apollo Global Management from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, November 1st. Oppenheimer set a $43.00 target price on shares of Apollo Global Management and gave the stock a “buy” rating in a report on Wednesday, October 31st. ValuEngine lowered shares of Apollo Global Management from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Zacks Investment Research raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a report on Wednesday, October 3rd.
Shares of Apollo Global Management stock traded up $0.29 during trading hours on Thursday, reaching $26.74. 1,545,100 shares of the company’s stock were exchanged, compared to its average volume of 960,560. Apollo Global Management has a 1 year low of $25.65 and a 1 year high of $37.35. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 2.24 and a beta of 1.24. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.56.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Tuesday, November 20th were issued a $0.46 dividend. The ex-dividend date was Monday, November 19th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 6.88%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.43. Apollo Global Management’s dividend payout ratio is currently 51.54%.
In other news, Director A B. Krongard acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was purchased at an average price of $28.24 per share, with a total value of $28,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Tiger Global Management Llc acquired 102,193 shares of the company’s stock in a transaction that occurred on Thursday, October 25th. The stock was purchased at an average cost of $28.46 per share, with a total value of $2,908,412.78. The disclosure for this purchase can be found here. Insiders purchased 2,056,117 shares of company stock valued at $58,704,506 in the last three months. 4.11% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Northeast Financial Consultants Inc acquired a new stake in shares of Apollo Global Management during the third quarter worth about $353,000. Oppenheimer & Co. Inc. lifted its position in shares of Apollo Global Management by 18.0% during the third quarter. Oppenheimer & Co. Inc. now owns 103,821 shares of the financial services provider’s stock worth $3,587,000 after purchasing an additional 15,841 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Apollo Global Management during the second quarter worth about $139,000. Morgan Stanley lifted its position in shares of Apollo Global Management by 15.4% during the second quarter. Morgan Stanley now owns 5,536,056 shares of the financial services provider’s stock worth $176,434,000 after purchasing an additional 737,410 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Apollo Global Management by 11.4% during the second quarter. Raymond James & Associates now owns 102,319 shares of the financial services provider’s stock worth $3,261,000 after purchasing an additional 10,448 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.
Apollo Global Management Company Profile
Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.
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