Apollo Global Management (NYSE:APO) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Apollo Global Management (NYSE:APO) from a sell rating to a hold rating in a research report report published on Thursday.

A number of other equities research analysts have also weighed in on APO. Keefe, Bruyette & Woods boosted their target price on Apollo Global Management from $122.00 to $131.00 and gave the company an outperform rating in a research note on Thursday, March 7th. Evercore ISI increased their price objective on Apollo Global Management from $120.00 to $128.00 and gave the company an outperform rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. lifted their target price on shares of Apollo Global Management from $122.00 to $123.00 and gave the stock an overweight rating in a research note on Wednesday, April 24th. JMP Securities reissued a market perform rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Finally, BMO Capital Markets boosted their price objective on shares of Apollo Global Management from $111.00 to $122.00 and gave the company an outperform rating in a research report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $115.62.

Apollo Global Management Stock Up 0.1 %

Shares of NYSE APO opened at $118.07 on Thursday. The stock has a market capitalization of $67.08 billion, a P/E ratio of 13.08, a PEG ratio of 0.98 and a beta of 1.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.60. Apollo Global Management has a one year low of $73.77 and a one year high of $119.69. The firm’s 50 day simple moving average is $114.34 and its two-hundred day simple moving average is $107.98.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, May 2nd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.21). The business had revenue of $839.00 million for the quarter, compared to the consensus estimate of $827.33 million. Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. As a group, analysts expect that Apollo Global Management will post 7.14 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were given a dividend of $0.463 per share. The ex-dividend date of this dividend was Thursday, May 16th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 annualized dividend and a dividend yield of 1.57%. Apollo Global Management’s payout ratio is currently 20.49%.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the completion of the transaction, the chief financial officer now owns 359,445 shares of the company’s stock, valued at $40,002,634.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 8.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Apollo Global Management

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sugarloaf Wealth Management LLC bought a new position in Apollo Global Management during the 4th quarter valued at approximately $31,000. DSM Capital Partners LLC bought a new position in shares of Apollo Global Management during the fourth quarter valued at $31,000. Blue Trust Inc. raised its position in shares of Apollo Global Management by 151.4% in the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 221 shares during the last quarter. True Wealth Design LLC purchased a new position in shares of Apollo Global Management in the 4th quarter worth about $33,000. Finally, CVA Family Office LLC bought a new position in Apollo Global Management in the 4th quarter worth about $34,000. Institutional investors own 77.06% of the company’s stock.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.