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

Shares of Apollo Global Management, Inc. (NYSE:APO) have been assigned a consensus rating of “Moderate Buy” from the twenty ratings firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $165.74.

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. TD Cowen lifted their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, December 9th. BMO Capital Markets upped their target price on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods reduced their price target on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, Morgan Stanley increased their price objective on Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 58,200 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the completion of the transaction, the insider now 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 201,600 shares of company stock worth $34,977,528. Insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Apollo Global Management by 64.6% in the fourth quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider’s stock valued at $1,550,316,000 after purchasing an additional 3,695,979 shares in the last quarter. Vanguard Group Inc. increased its holdings in Apollo Global Management by 8.9% in the 4th quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider’s stock valued at $7,454,560,000 after buying an additional 3,691,700 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Apollo Global Management by 245.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider’s stock valued at $438,196,000 after buying an additional 1,886,146 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Apollo Global Management by 36.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider’s stock worth $1,065,615,000 after acquiring an additional 1,739,807 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Apollo Global Management by 50.0% during the 4th quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider’s stock valued at $723,853,000 after acquiring an additional 1,460,689 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Shares of APO opened at $159.98 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market capitalization of $90.52 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 1.26 and a beta of 1.63. The business’s 50-day moving average is $166.81 and its 200-day moving average is $147.10. Apollo Global Management has a fifty-two week low of $95.11 and a fifty-two week high of $189.49.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.4625 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.16%. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

About Apollo Global Management

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.