Apollo Global Management (NYSE:APO) Upgraded to Strong-Buy at Argus

Argus upgraded shares of Apollo Global Management (NYSE:APO) to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

Other analysts have also issued reports about the company. Wolfe Research restated an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday, January 7th. The Goldman Sachs Group reissued a “buy” rating and issued a $165.00 price objective on shares of Apollo Global Management in a report on Monday, February 9th. Piper Sandler reiterated an “overweight” rating and set a $165.00 target price on shares of Apollo Global Management in a research report on Tuesday, February 10th. JPMorgan Chase & Co. reduced their target price on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $162.64.

Apollo Global Management Stock Up 1.4%

APO stock traded up $1.68 during trading on Thursday, reaching $120.02. The stock had a trading volume of 2,688,725 shares, compared to its average volume of 4,094,707. The company has a quick ratio of 1.49, a current ratio of 1.31 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $69.66 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 1.08 and a beta of 1.57. Apollo Global Management has a one year low of $102.58 and a one year high of $157.45. The company’s 50 day moving average is $139.26 and its two-hundred day moving average is $135.34.

Apollo Global Management (NYSE:APO) last released its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.43. The firm had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $2.39 earnings per share. Equities research analysts forecast that Apollo Global Management will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 19th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, February 19th. Apollo Global Management’s dividend payout ratio (DPR) is 36.96%.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APO. Delos Wealth Advisors LLC bought a new stake in Apollo Global Management during the second quarter worth about $25,000. Atlantic Union Bankshares Corp boosted its stake in Apollo Global Management by 99.0% in the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after buying an additional 99 shares in the last quarter. Sound Income Strategies LLC bought a new position in Apollo Global Management during the third quarter valued at approximately $28,000. SJS Investment Consulting Inc. raised its stake in shares of 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 acquiring an additional 191 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Apollo Global Management during the fourth quarter worth approximately $29,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Apollo Global Management

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

• Positive Sentiment: Argus upgraded Apollo to a “strong-buy,” giving the stock fresh analyst support that can attract buyers and lift sentiment. Argus upgrade
• Positive Sentiment: Apollo announced a $1.0 billion investment in subordinated hybrid notes for UAE real-estate firm Aldar — its fifth deal with Aldar and part of ~$2.9B of commitments to date — demonstrating continued deal flow, fee/income generation potential, and strategic partnership expansion. Apollo Provides $1 Billion Hybrid Capital Solution to Aldar
• Neutral Sentiment: Apollo’s public commentary is being cited in market pieces on valuation and global markets (e.g., its view that U.S. stocks are ~40% more expensive than international equities) — useful macro context but indirect for APO’s near-term stock moves. How Much Cheaper Are International Stocks Than U.S. Stocks?
• Neutral Sentiment: Apollo has sent letters to clients and reiterated that CEO Marc Rowan had no business or personal relationship with Jeffrey Epstein; the company is attempting to reassure clients and partners, which may contain damage but does not eliminate governance scrutiny. Apollo client letter Reuters: CEO Rowan had no ties
• Negative Sentiment: Pomerantz LLP issued an investor alert announcing an investigation into Apollo on behalf of investors — potential litigation or shareholder suits raise legal risk and could weigh on the stock if matters advance. Pomerantz investor alert
• Negative Sentiment: Renewed Epstein-related scrutiny — including union requests for an SEC probe and media/analyst attention — is elevating governance and reputational risk; such non-financial controversies have previously driven sharp share moves and could pressure client relationships or valuations. Insider sales noted in recent filings (disclosed in market coverage) add to investor caution. QuiverQuant: governance risk concerns

About Apollo Global Management

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.