Apollo Global Management (NYSE:APO) Receives New Coverage from Analysts at Wolfe Research

Wolfe Research assumed coverage on shares of Apollo Global Management (NYSE:APO) in a research note published on Wednesday morning, MarketBeat.com reports. The firm issued an outperform rating and a $139.00 target price on the financial services provider’s stock.

Several other research analysts have also recently weighed in on the stock. Argus lowered their price target on shares of Apollo Global Management from $135.00 to $125.00 and set a buy rating on the stock in a report on Tuesday, August 20th. Redburn Atlantic assumed coverage on Apollo Global Management in a research note on Tuesday, August 27th. They set a buy rating and a $153.00 target price on the stock. StockNews.com downgraded Apollo Global Management from a hold rating to a sell rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on Apollo Global Management from $129.00 to $124.00 and set a buy rating on the stock in a report on Thursday, August 15th. Finally, Wells Fargo & Company assumed coverage on Apollo Global Management in a report on Thursday, September 12th. They set an overweight rating and a $132.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $129.65.

Apollo Global Management Stock Up 0.2 %

APO stock opened at $125.81 on Wednesday. Apollo Global Management has a 1-year low of $77.11 and a 1-year high of $126.93. The business’s 50 day simple moving average is $113.99 and its 200 day simple moving average is $114.25. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $71.48 billion, a PE ratio of 13.93, a PEG ratio of 1.30 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.03). The company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. During the same quarter in the prior year, the firm earned $1.54 earnings per share. As a group, research analysts anticipate that Apollo Global Management will post 6.62 EPS for the current year.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.4625 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.85 annualized dividend and a yield of 1.47%. Apollo Global Management’s dividend payout ratio is currently 20.49%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards purchased 2,351 shares of the stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $104.92 per share, with a total value of $246,666.92. Following the acquisition, the director now owns 85,854 shares of the company’s stock, valued at $9,007,801.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

A number of hedge funds have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. acquired a new stake in Apollo Global Management in the second quarter valued at approximately $35,000. J.Safra Asset Management Corp boosted its holdings in shares of Apollo Global Management by 709.3% during the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 305 shares in the last quarter. True Wealth Design LLC bought a new stake in Apollo Global Management during the 4th quarter worth $33,000. Riverview Trust Co bought a new stake in Apollo Global Management during the 1st quarter worth $45,000. Finally, Carolinas Wealth Consulting LLC acquired a new position in Apollo Global Management in the 4th quarter worth about $38,000. 77.06% of the stock is currently 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.