Investment Analysts’ Weekly Ratings Changes for Apollo Global Management (APO)

A number of research firms have changed their ratings and price targets for Apollo Global Management (NYSE: APO):

• 12/20/2024 – Apollo Global Management had its price target raised by analysts at Keefe, Bruyette & Woods from $168.00 to $196.00. They now have an “outperform” rating on the stock.
• 12/19/2024 – Apollo Global Management had its price target raised by analysts at BMO Capital Markets from $157.00 to $186.00. They now have an “outperform” rating on the stock.
• 12/18/2024 – Apollo Global Management had its price target raised by analysts at Piper Sandler from $188.00 to $202.00. They now have an “overweight” rating on the stock.
• 12/12/2024 – Apollo Global Management had its price target raised by analysts at Wells Fargo & Company from $164.00 to $197.00. They now have an “overweight” rating on the stock.
• 12/10/2024 – Apollo Global Management was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 12/9/2024 – Apollo Global Management had its price target raised by analysts at Barclays PLC from $174.00 to $200.00. They now have an “overweight” rating on the stock.
• 12/9/2024 – Apollo Global Management had its price target raised by analysts at TD Cowen from $178.00 to $230.00. They now have a “buy” rating on the stock.
• 12/2/2024 – Apollo Global Management was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/20/2024 – Apollo Global Management was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/19/2024 – Apollo Global Management is now covered by analysts at Piper Sandler. They set an “overweight” rating and a $188.00 price target on the stock.
• 11/19/2024 – Apollo Global Management had its price target raised by analysts at The Goldman Sachs Group, Inc. from $161.00 to $178.00. They now have a “buy” rating on the stock.
• 11/13/2024 – Apollo Global Management was upgraded by analysts at UBS Group AG to a “hold” rating.
• 11/12/2024 – Apollo Global Management was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/6/2024 – Apollo Global Management had its price target raised by analysts at Wells Fargo & Company from $149.00 to $164.00. They now have an “overweight” rating on the stock.
• 11/6/2024 – Apollo Global Management had its price target raised by analysts at Barclays PLC from $148.00 to $174.00. They now have an “overweight” rating on the stock.
• 11/6/2024 – Apollo Global Management had its price target raised by analysts at Evercore ISI from $150.00 to $174.00. They now have an “outperform” rating on the stock.
• 11/6/2024 – Apollo Global Management had its price target raised by analysts at Keefe, Bruyette & Woods from $159.00 to $168.00. They now have an “outperform” rating on the stock.
• 11/6/2024 – Apollo Global Management had its price target raised by analysts at BMO Capital Markets from $138.00 to $157.00. They now have an “outperform” rating on the stock.
• 11/6/2024 – Apollo Global Management had its price target raised by analysts at Citigroup Inc. from $162.00 to $170.00. They now have a “buy” rating on the stock.
• 11/6/2024 – Apollo Global Management had its price target raised by analysts at TD Cowen from $165.00 to $178.00. They now have a “buy” rating on the stock.
• 11/6/2024 – Apollo Global Management had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $141.00 to $155.00. They now have a “buy” rating on the stock.

Apollo Global Management Price Performance

APO traded up $3.22 during trading on Wednesday, reaching $174.85. 1,023,857 shares of the stock were exchanged, compared to its average volume of 3,265,139. Apollo Global Management, Inc. has a 1 year low of $89.76 and a 1 year high of $189.49. The company has a market capitalization of $98.93 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 1.84 and a beta of 1.63. The business’s 50 day moving average price is $162.71 and its two-hundred day moving average price is $133.97. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.06%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management’s dividend payout ratio is presently 19.33%.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction on 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 $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leon D. Black sold 133,400 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the sale, the insider now directly owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Apollo Global Management by 62.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 178,413 shares of the financial services provider’s stock worth $21,065,000 after buying an additional 68,727 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of Apollo Global Management by 4.7% during the 2nd quarter. Checchi Capital Advisers LLC now owns 3,547 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 160 shares during the period. Kintegral Advisory LLC boosted its holdings in shares of Apollo Global Management by 2.4% during the second quarter. Kintegral Advisory LLC now owns 4,728 shares of the financial services provider’s stock worth $558,000 after purchasing an additional 109 shares during the last quarter. Northeast Investment Management purchased a new stake in shares of Apollo Global Management in the second quarter valued at $236,000. Finally, HB Wealth Management LLC increased its stake in Apollo Global Management by 5.4% in the second quarter. HB Wealth Management LLC now owns 4,085 shares of the financial services provider’s stock valued at $482,000 after purchasing an additional 211 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

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.