Analysts Set Apollo Global Management, Inc. (NYSE:APO) PT at $164.63

Apollo Global Management, Inc. (NYSE:APO) has received a consensus recommendation of “Moderate Buy” from the twenty research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $164.63.

Several equities analysts have weighed in on APO shares. Citigroup raised their price target on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their price objective on Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company upped their price objective on shares of Apollo Global Management from $164.00 to $197.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th.

Apollo Global Management Stock Down 4.0 %

APO stock opened at $162.33 on Wednesday. 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 company’s 50 day simple moving average is $167.45 and its 200-day simple moving average is $137.56. Apollo Global Management has a 12 month low of $94.19 and a 12 month high of $189.49. The firm has a market capitalization of $91.85 billion, a PE ratio of 16.96, a P/E/G ratio of 1.84 and a beta of 1.63.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.463 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

Insider Buying and Selling

In other news, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the sale, the insider now directly owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the transaction, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 196,600 shares of company stock valued at $34,186,128. Corporate insiders own 8.50% of the company’s stock.

Institutional Trading of Apollo Global Management

Institutional investors have recently added to or reduced their stakes in the stock. Partners Group Holding AG increased its position in shares of Apollo Global Management by 26.5% in the 3rd quarter. Partners Group Holding AG now owns 775,727 shares of the financial services provider’s stock worth $96,896,000 after purchasing an additional 162,678 shares during the last quarter. Swedbank AB raised its stake in Apollo Global Management by 50.9% during the third quarter. Swedbank AB now owns 77,938 shares of the financial services provider’s stock valued at $9,735,000 after buying an additional 26,300 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Apollo Global Management by 34.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 19,441 shares of the financial services provider’s stock worth $2,428,000 after buying an additional 4,941 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Apollo Global Management by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider’s stock worth $713,230,000 after acquiring an additional 254,268 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Apollo Global Management by 0.4% in the 3rd quarter. Swiss National Bank now owns 1,182,214 shares of the financial services provider’s stock valued at $147,670,000 after acquiring an additional 4,600 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Company Profile

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.