Apollo Global Management (NYSE:APO) Price Target Raised to $157.00

Apollo Global Management (NYSE:APO) had its price objective increased by JPMorgan Chase & Co. from $153.00 to $157.00 in a research report sent to investors on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the company. Barclays cut their target price on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday. Weiss Ratings upgraded Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. Wall Street Zen raised Apollo Global Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Evercore increased their price target on Apollo Global Management from $145.00 to $146.00 in a report on Thursday, October 8th. Finally, Bank of America cut their price target on Apollo Global Management from $163.00 to $161.00 in a report on Monday, October 5th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.68.

Apollo Global Management Trading Down 0.4%

APO traded down $0.49 during trading on Wednesday, reaching $116.78. 3,319,427 shares of the stock traded hands, compared to its average volume of 3,667,484. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $68.96 billion, a PE ratio of -63.81, a P/E/G ratio of 1.10 and a beta of 1.51. The stock’s 50-day moving average is $120.79 and its 200 day moving average is $122.95. Apollo Global Management has a 12 month low of $99.56 and a 12 month high of $153.29.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the previous year, the business posted $1.92 earnings per share. Equities analysts anticipate that Apollo Global Management will post 7.96 earnings per share for the current year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Wednesday, November 18th will be issued a dividend of $0.5625 per share. The ex-dividend date is Wednesday, November 18th. This represents a $2.25 annualized dividend and a dividend yield of 1.9%. Apollo Global Management’s dividend payout ratio is currently -122.95%.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the transaction, the chief financial officer owned 396,533 shares of the company’s stock, valued at $55,847,707.72. This represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Whitney Chatterjee sold 7,339 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total value of $864,754.37. Following the completion of the sale, the insider owned 129,151 shares of the company’s stock, valued at approximately $15,217,862.33. This represents a 5.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 8.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co grew its stake in Apollo Global Management by 55.7% in the third quarter. Diversified Trust Co now owns 79,127 shares of the financial services provider’s stock valued at $9,116,000 after acquiring an additional 28,301 shares during the period. Aberdeen Group plc increased its holdings in shares of Apollo Global Management by 45.1% during the third quarter. Aberdeen Group plc now owns 543,858 shares of the financial services provider’s stock valued at $63,120,000 after acquiring an additional 168,950 shares in the last quarter. Carson Advisory Inc. raised its position in shares of Apollo Global Management by 151.5% during the third quarter. Carson Advisory Inc. now owns 11,249 shares of the financial services provider’s stock worth $1,306,000 after purchasing an additional 6,776 shares during the period. ProVise Management Group LLC raised its position in shares of Apollo Global Management by 557.1% during the third quarter. ProVise Management Group LLC now owns 20,699 shares of the financial services provider’s stock worth $2,402,000 after purchasing an additional 17,549 shares during the period. Finally, Moors & Cabot Inc. raised its position in shares of Apollo Global Management by 170.5% during the third quarter. Moors & Cabot Inc. now owns 31,652 shares of the financial services provider’s stock worth $3,674,000 after purchasing an additional 19,952 shares during the period. Institutional investors own 77.06% of the company’s stock.

More Apollo Global Management News

Here are the key news stories impacting Apollo Global Management this week:

• Positive Sentiment: JPMorgan Chase raised its price target on Apollo, offering a counterpoint to recent analyst reductions. The available report does not specify the new target. Article: Apollo Global Management Stock Gets Price Target Increase from JPMorgan Chase
• Positive Sentiment: UBS and Argus both maintained “buy” ratings despite lowering their targets: UBS cut its target from $163 to $160, while Argus reduced its target from $160 to $140. Their continued buy ratings indicate both firms still see potential upside from the referenced $116.78 share price. Read More. · Read More.
• Neutral Sentiment: Apollo and Goldman Sachs are reportedly seeking buyers for a roughly $40 billion SpaceX AI-chip financing deal. The potential transaction could create financing opportunities, but it remains a reported effort to place the deal, not a confirmed completed investment. Article: Goldman, Apollo in talks to sell SpaceX’s AI deal
• Neutral Sentiment: Nvidia is reportedly interested in Apollo’s struggling telecom sites as potential data-center locations. A sale or other deal could help monetize the assets, though no agreement was reported. Article: Nvidia Eyes Apollo’s Struggling Telecom Sites
• Negative Sentiment: RBC issued a pessimistic forecast, while Keefe, Bruyette & Woods and Barclays lowered their expectations for APO. Together with the Argus and UBS target cuts, the revisions point to more cautious analyst sentiment, even as some firms retain buy ratings. Read More. · Read More. · Read More.
• Negative Sentiment: A report highlighted a 6.7% one-session decline in Apollo shares, underscoring recent volatility; the article listing did not identify a specific cause for that drop. Article: Apollo Global Management Drops 6.7%

Apollo Global Management Company Profile

Apollo Global Management is a global alternative asset manager that provides investment management and retirement services. Its investment strategies span private equity, credit and real assets, including infrastructure, and it serves institutional and individual investors.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan. It has since expanded its investment businesses and retirement-services operations, including through Athene, its retirement services platform.

Apollo operates across global markets and is led by co-founder Marc Rowan, who serves as chief executive officer.