Apollo Global Management (NYSE:APO) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Apollo Global Management (NYSE:APO – Free Report) from a sell rating to a hold rating in a report issued on Saturday.

Several other equities analysts have also recently weighed in on the company. Wells Fargo & Company lifted their price objective on Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Citigroup decreased their price target on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Keefe, Bruyette & Woods upped their price objective on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Evercore ISI increased their price objective on shares of Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

View Our Latest Research Report on APO

Apollo Global Management Stock Performance

NYSE APO opened at $130.97 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $74.92 billion, a P/E ratio of 24.48, a P/E/G ratio of 1.42 and a beta of 1.63. Apollo Global Management has a 12-month low of $102.58 and a 12-month high of $189.49. The firm has a 50-day moving average price of $130.84 and a two-hundred day moving average price of $136.36.

Apollo Global Management (NYSE:APO – Get Free Report) last announced its earnings results on Tuesday, November 4th. The financial services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $1.90 by $0.24. The company had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $4.92 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The business’s revenue for the quarter was down 20.9% on a year-over-year basis. During the same period last year, the firm earned $1.29 earnings per share. Analysts anticipate that Apollo Global Management will post 8 earnings per share for the current year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $2.04 annualized dividend and a yield of 1.6%. Apollo Global Management’s dividend payout ratio is presently 29.82%.

Insiders Place Their Bets

In other Apollo Global Management news, insider Leon D. Black sold 915,000 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the sale, the insider owned 4,526,000 shares of the company’s stock, valued at approximately $606,619,780. The trade was a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Apollo Global Management

Hedge funds have recently modified their holdings of the company. True North Advisors LLC acquired a new position in shares of Apollo Global Management in the first quarter worth approximately $2,097,000. Goldman Sachs Group Inc. increased its position in Apollo Global Management by 24.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider’s stock valued at $490,482,000 after purchasing an additional 706,181 shares during the period. Dakota Wealth Management bought a new position in Apollo Global Management during the 1st quarter worth approximately $297,000. Woodline Partners LP raised its holdings in Apollo Global Management by 40.7% during the 1st quarter. Woodline Partners LP now owns 37,764 shares of the financial services provider’s stock worth $5,171,000 after purchasing an additional 10,920 shares during the last quarter. Finally, Jump Financial LLC lifted its position in shares of Apollo Global Management by 573.4% in the 1st quarter. Jump Financial LLC now owns 70,393 shares of the financial services provider’s stock worth $9,640,000 after purchasing an additional 59,939 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Company Profile

(Get Free Report)

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.

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