Apollo Global Management, Inc. (NYSE:APO) Receives Average Recommendation of “Moderate Buy” from Analysts

Apollo Global Management, Inc. (NYSE:APO) has received an average recommendation of “Moderate Buy” from the twenty research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $165.74.

Several brokerages recently issued reports on APO. Morgan Stanley lifted their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Piper Sandler boosted their target price on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. TD Cowen raised their price target on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a report on Monday, December 9th. UBS Group raised Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Finally, Citigroup raised their target price on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $159.98 on Thursday. Apollo Global Management has a 52-week low of $95.11 and a 52-week high of $189.49. 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 stock has a fifty day moving average price of $166.81 and a two-hundred day moving average price of $147.10. The firm has a market capitalization of $90.52 billion, a P/E ratio of 21.89, a P/E/G ratio of 1.26 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.4625 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.16%. Apollo Global Management’s payout ratio is currently 25.31%.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 58,200 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now owns 35,104,773 shares in the company, valued at $6,086,114,495.01. This represents a 0.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the transaction, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 201,600 shares of company stock worth $34,977,528 in the last ninety days. Company insiders own 8.50% of the company’s stock.

Institutional Trading of Apollo Global Management

A number of large investors have recently bought and sold shares of APO. Fourth Dimension Wealth LLC bought a new stake in shares of Apollo Global Management during the fourth quarter worth $25,000. Hopwood Financial Services Inc. acquired a new position in Apollo Global Management in the 4th quarter worth $33,000. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management during the 4th quarter worth about $34,000. Byrne Asset Management LLC acquired a new stake in shares of Apollo Global Management in the 4th quarter valued at about $37,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Apollo Global Management in the fourth quarter valued at about $39,000. 77.06% of the stock is owned by 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.