Apollo Global Management, Inc. (NYSE:APO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Apollo Global Management, Inc. (NYSE:APO) have been given an average rating of “Moderate Buy” by the twenty ratings firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $157.95.

Several brokerages have commented on APO. Barclays lowered their price target on Apollo Global Management from $196.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday. Morgan Stanley boosted their target price on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Piper Sandler decreased their price target on shares of Apollo Global Management from $202.00 to $193.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. TD Cowen dropped their price objective on Apollo Global Management from $214.00 to $144.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company decreased their target price on Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating for the company in a research note on Tuesday.

Insiders Place Their Bets

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the sale, the insider now directly owns 34,604,773 shares in the company, valued at $4,913,877,766. This represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the transaction, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

A number of hedge funds have recently made changes to their positions in the company. Fourth Dimension Wealth LLC bought a new stake in Apollo Global Management during the fourth quarter worth about $25,000. Hopwood Financial Services Inc. bought a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Apollo Global Management in the 4th quarter worth approximately $34,000. Byrne Asset Management LLC bought a new stake in Apollo Global Management during the 4th quarter worth approximately $37,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Apollo Global Management during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of NYSE APO opened at $123.99 on Friday. The business’s 50-day simple moving average is $142.41 and its 200-day simple moving average is $153.44. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. Apollo Global Management has a 52 week low of $95.11 and a 52 week high of $189.49. The firm has a market cap of $70.73 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.49%. Apollo Global Management’s payout ratio is currently 25.31%.

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.