Brokerages Set Apollo Global Management Inc. (NYSE:APO) Price Target at $165.92

Shares of Apollo Global Management Inc. (NYSE:APO) have received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $165.6154.

Several brokerages have commented on APO. Evercore ISI boosted their price target on shares of Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. BMO Capital Markets set a $136.00 target price on Apollo Global Management and gave the stock a “market perform” rating in a report on Tuesday, November 25th. Morgan Stanley raised Apollo Global Management from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $151.00 to $180.00 in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 29th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday, January 7th.

Apollo Global Management Price Performance

NYSE APO opened at $143.28 on Friday. The firm’s 50 day moving average is $139.40 and its 200-day moving average is $137.91. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $83.16 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59. Apollo Global Management has a 12-month low of $102.58 and a 12-month high of $174.91.

Apollo Global Management Announces Dividend

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

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 6,000 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the transaction, the chief financial officer directly owned 325,604 shares in the company, valued at $42,787,621.64. The trade was a 1.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Apollo Global Management

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Delos Wealth Advisors LLC acquired a new stake in shares of Apollo Global Management in the second quarter valued at approximately $25,000. Activest Wealth Management raised its stake in Apollo Global Management by 875.0% in the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 175 shares during the period. Atlantic Union Bankshares Corp lifted its holdings in Apollo Global Management by 99.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. SJS Investment Consulting Inc. boosted its position in Apollo Global Management by 1,123.5% during the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 191 shares during the period. Finally, Nemes Rush Group LLC bought a new position in Apollo Global Management during the second quarter worth $30,000. Institutional investors own 77.06% of the company’s stock.

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.