Apollo Global Management Inc. (NYSE:APO) Receives $163.08 Average PT from Analysts

Shares of Apollo Global Management Inc. (NYSE:APO) have earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $162.8462.

A number of research firms recently commented on APO. Morgan Stanley raised shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $151.00 to $180.00 in a research note on Thursday, November 20th. Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $155.00 target price on shares of Apollo Global Management in a research note on Tuesday. Evercore ISI increased their price target on Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Finally, Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th.

Apollo Global Management Trading Up 0.9%

NYSE APO traded up $1.18 on Friday, hitting $131.45. 1,392,328 shares of the stock were exchanged, compared to its average volume of 3,596,109. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. Apollo Global Management has a 52-week low of $102.58 and a 52-week high of $189.49. The firm has a market capitalization of $76.29 billion, a P/E ratio of 24.57, a P/E/G ratio of 1.42 and a beta of 1.63. The stock has a fifty day moving average price of $128.71 and a two-hundred day moving average price of $135.81.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were issued a $0.51 dividend. The ex-dividend date was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. Apollo Global Management’s dividend payout ratio is presently 29.82%.

Insider Buying and Selling

In related news, insider Leon D. Black sold 915,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the transaction, the insider owned 4,526,000 shares of the company’s stock, valued at $606,619,780. This trade represents a 16.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Apollo Global Management

A number of institutional investors have recently modified their holdings of APO. CIBC Private Wealth Group LLC grew its stake in Apollo Global Management by 40.7% in the third quarter. CIBC Private Wealth Group LLC now owns 3,178 shares of the financial services provider’s stock worth $424,000 after purchasing an additional 920 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in Apollo Global Management during the 3rd quarter valued at $8,346,000. WBI Investments LLC purchased a new stake in shares of Apollo Global Management in the 3rd quarter worth $1,018,000. Centaurus Financial Inc. grew its position in shares of Apollo Global Management by 17.6% during the 3rd quarter. Centaurus Financial Inc. now owns 6,027 shares of the financial services provider’s stock worth $803,000 after buying an additional 903 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its stake in shares of Apollo Global Management by 16.9% during the third quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock valued at $75,000 after buying an additional 82 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

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.