Apollo Global Management Inc. (NYSE:APO) Given Average Rating of “Moderate Buy” by Analysts

Apollo Global Management Inc. (NYSE:APO) has been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $165.6154.

Several research analysts have recently issued reports on the company. Morgan Stanley raised Apollo Global Management from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $151.00 to $180.00 in a research note on Thursday, November 20th. Cowen reissued a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, November 25th. Piper Sandler reaffirmed an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. Wolfe Research reiterated an “outperform” rating on shares of Apollo Global Management in a report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th.

Apollo Global Management Stock Performance

Shares of APO stock opened at $144.05 on Friday. Apollo Global Management has a 12-month low of $102.58 and a 12-month high of $174.91. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market capitalization of $83.61 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59. The business has a 50 day simple moving average of $139.90 and a 200 day simple moving average of $138.00.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were given a dividend of $0.51 per share. The ex-dividend date was Monday, November 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.4%. Apollo Global Management’s dividend payout ratio (DPR) is 29.82%.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the sale, the chief financial officer owned 325,604 shares in the company, valued at $42,787,621.64. This represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently bought and sold shares of the business. Chesapeake Asset Management LLC grew its stake in shares of Apollo Global Management by 3.6% in the 4th quarter. Chesapeake Asset Management LLC now owns 2,065 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 72 shares during the last quarter. Fortress Financial Solutions LLC boosted its holdings in Apollo Global Management by 1.6% during the second quarter. Fortress Financial Solutions LLC now owns 4,561 shares of the financial services provider’s stock worth $647,000 after buying an additional 74 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in Apollo Global Management by 44.0% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock worth $36,000 after buying an additional 77 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in Apollo Global Management by 1.4% in the third quarter. Linden Thomas Advisory Services LLC now owns 5,553 shares of the financial services provider’s stock worth $740,000 after buying an additional 78 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC lifted its position in shares of Apollo Global Management by 0.8% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 9,553 shares of the financial services provider’s stock valued at $1,383,000 after acquiring an additional 80 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Company Profile

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.