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 recommendation of “Moderate Buy” by the twenty research firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $165.74.

A number of research firms recently weighed in on APO. Morgan Stanley lifted their price target on Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Wells Fargo & Company decreased their target price on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. BMO Capital Markets boosted their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $147.45 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $164.28 and a 200 day moving average price of $148.74. Apollo Global Management has a 52 week low of $95.11 and a 52 week high of $189.49. The company has a market cap of $83.43 billion, a P/E ratio of 20.17, a PEG ratio of 1.17 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a $0.4625 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.25%. Apollo Global Management’s dividend payout ratio (DPR) is 25.31%.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This represents a 1.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now directly owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 201,600 shares of company stock worth $34,977,528 over the last ninety days. 8.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Apollo Global Management

Hedge funds have recently added to or reduced their stakes in the business. Fourth Dimension Wealth LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter worth approximately $25,000. Hopwood Financial Services Inc. purchased a new position in Apollo Global Management during the fourth quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Apollo Global Management in the 4th quarter valued at $34,000. Byrne Asset Management LLC purchased a new stake in shares of Apollo Global Management during the 4th quarter valued at $37,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter worth $39,000. 77.06% of the stock is owned by institutional investors and hedge funds.

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.