Brokerages Set Apollo Global Management, Inc. (NYSE:APO) PT at $164.32

Apollo Global Management, Inc. (NYSE:APO) has earned an average recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $164.32.

A number of brokerages recently issued reports on APO. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group raised their price objective on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI lifted their target price on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lifted their target price on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leon D. Black sold 58,200 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the sale, the insider now owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock valued at $34,186,128 over the last quarter. Company insiders own 8.50% of the company’s stock.

Institutional Trading of Apollo Global Management

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Private Wealth Services LLC purchased a new stake in shares of Apollo Global Management in the fourth quarter valued at $3,994,000. Stephens Inc. AR lifted its position in shares of Apollo Global Management by 28.3% in the fourth quarter. Stephens Inc. AR now owns 183,971 shares of the financial services provider’s stock valued at $30,385,000 after acquiring an additional 40,572 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Apollo Global Management by 1.8% in the fourth quarter. Empowered Funds LLC now owns 39,575 shares of the financial services provider’s stock valued at $6,536,000 after acquiring an additional 701 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of Apollo Global Management by 66.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,689 shares of the financial services provider’s stock valued at $1,105,000 after acquiring an additional 2,662 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in shares of Apollo Global Management by 15.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 3,444 shares of the financial services provider’s stock valued at $569,000 after acquiring an additional 460 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Stock Up 1.3 %

Shares of APO opened at $169.46 on Friday. Apollo Global Management has a 52-week low of $95.11 and a 52-week high of $189.49. The company has a market capitalization of $95.88 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.36 and a beta of 1.63. The stock has a fifty day simple moving average of $169.74 and a two-hundred day simple moving average of $142.44. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is currently 19.33%.

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.