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

Shares of Apollo Global Management, Inc. (NYSE:APO) have been given an average recommendation of “Moderate Buy” by the twenty research firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $165.74.

A number of research firms have weighed in on APO. Morgan Stanley increased their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. The Goldman Sachs Group increased their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods cut their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. BMO Capital Markets increased their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.50% of the stock is owned by company insiders.

Institutional Trading of Apollo Global Management

Hedge funds have recently bought and sold shares of the company. Fourth Dimension Wealth LLC bought a new stake in Apollo Global Management in the 4th quarter valued at about $25,000. Hopwood Financial Services Inc. bought a new stake in shares of Apollo Global Management during the 4th quarter worth about $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Apollo Global Management during the 4th quarter worth about $34,000. Byrne Asset Management LLC bought a new stake in shares of Apollo Global Management during the 4th quarter worth about $37,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Apollo Global Management during the 4th quarter worth about $39,000. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Up 3.2 %

Shares of NYSE APO opened at $134.36 on Monday. Apollo Global Management has a 1 year low of $95.11 and a 1 year high of $189.49. The firm’s 50 day moving average price is $156.36 and its 200 day moving average price is $151.32. The firm has a market cap of $76.65 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. 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 Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 1.38%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s dividend 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.