Apollo Global Management (NYSE:APO) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of Apollo Global Management (NYSE:APO) from a sell rating to a hold rating in a research note issued to investors on Monday.

A number of other equities research analysts have also recently issued reports on the stock. JMP Securities reaffirmed a market perform rating on shares of Apollo Global Management in a report on Tuesday, April 9th. JPMorgan Chase & Co. increased their price target on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an overweight rating in a report on Wednesday, April 24th. Keefe, Bruyette & Woods increased their price target on shares of Apollo Global Management from $134.00 to $141.00 and gave the company an outperform rating in a report on Friday, July 12th. BMO Capital Markets increased their price target on shares of Apollo Global Management from $111.00 to $122.00 and gave the company an outperform rating in a report on Friday, April 5th. Finally, Evercore ISI increased their price target on shares of Apollo Global Management from $128.00 to $130.00 and gave the company an outperform rating in a report on Monday, July 15th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Apollo Global Management currently has an average rating of Moderate Buy and an average price target of $119.29.

Apollo Global Management Stock Down 7.4 %

Shares of APO stock opened at $116.01 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 1.60. The firm’s 50-day moving average is $118.57 and its 200-day moving average is $112.41. The stock has a market cap of $65.91 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 1.01 and a beta of 1.59. Apollo Global Management has a 52-week low of $77.11 and a 52-week high of $126.45.

Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). The firm had revenue of $839.00 million during 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%. Sell-side analysts predict that Apollo Global Management will post 7.09 EPS for the current year.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.4625 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.59%. Apollo Global Management’s payout ratio is presently 20.49%.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were 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 $40,002,634.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.50% of the company’s stock.

Institutional Trading of Apollo Global Management

Several institutional investors have recently modified their holdings of the business. CWA Asset Management Group LLC grew its position in Apollo Global Management by 2.8% in the 4th quarter. CWA Asset Management Group LLC now owns 3,399 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 94 shares in the last quarter. Zhang Financial LLC grew its position in Apollo Global Management by 0.6% in the 1st quarter. Zhang Financial LLC now owns 17,724 shares of the financial services provider’s stock worth $1,993,000 after purchasing an additional 97 shares in the last quarter. Orion Capital Management LLC grew its position in Apollo Global Management by 20.0% in the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 100 shares in the last quarter. Lindbrook Capital LLC grew its position in Apollo Global Management by 8.5% in the 1st quarter. Lindbrook Capital LLC now owns 1,308 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 102 shares in the last quarter. Finally, Valley National Advisers Inc. grew its position in Apollo Global Management by 0.9% in the 1st quarter. Valley National Advisers Inc. now owns 11,519 shares of the financial services provider’s stock worth $1,295,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Company Profile

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.