Apollo Global Management (NYSE:APO) Hits New 12-Month High at $120.18

Apollo Global Management, Inc. (NYSE:APO)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $120.18 and last traded at $120.08, with a volume of 1639858 shares traded. The stock had previously closed at $118.74.

Analyst Upgrades and Downgrades

APO has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price objective on Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. JPMorgan Chase & Co. increased their target price on Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Jefferies Financial Group decreased their target price on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. StockNews.com upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Thursday, June 27th. Finally, BMO Capital Markets increased their target price on 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $115.62.

Apollo Global Management Stock Up 1.1 %

The business has a fifty day moving average of $114.50 and a 200 day moving average of $108.27. The company has a market capitalization of $68.20 billion, a PE ratio of 13.15, a PEG ratio of 0.98 and a beta of 1.59. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. The firm had revenue of $839.00 million for the quarter, compared to analysts’ expectations of $827.33 million. Equities research analysts anticipate that Apollo Global Management, Inc. will post 7.14 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a $0.463 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Thursday, May 16th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.49%.

Insider Activity

In other news, CFO Martin Kelly sold 30,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 359,445 shares of the company’s stock, valued at approximately $40,002,634.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 8.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Apollo Global Management by 352.7% during the second quarter. GAMMA Investing LLC now owns 2,395 shares of the financial services provider’s stock worth $283,000 after buying an additional 1,866 shares during the period. Park Place Capital Corp increased its holdings in shares of Apollo Global Management by 2.4% in the second quarter. Park Place Capital Corp now owns 9,297 shares of the financial services provider’s stock valued at $1,098,000 after purchasing an additional 217 shares during the period. Quent Capital LLC increased its holdings in shares of Apollo Global Management by 2.9% in the first quarter. Quent Capital LLC now owns 7,946 shares of the financial services provider’s stock valued at $894,000 after purchasing an additional 225 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of Apollo Global Management by 21.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 87,538 shares of the financial services provider’s stock valued at $9,820,000 after purchasing an additional 15,526 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Apollo Global Management by 21.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 206,800 shares of the financial services provider’s stock valued at $23,255,000 after purchasing an additional 36,800 shares during the period. Institutional investors and hedge funds 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.