Recent Investment Analysts’ Ratings Updates for Apollo Global Management (APO)

Several brokerages have updated their recommendations and price targets on shares of Apollo Global Management (NYSE: APO) in the last few weeks:

  • 1/24/2023 – Apollo Global Management had its price target raised by analysts at Morgan Stanley from $60.00 to $69.00. They now have an “equal weight” rating on the stock.
  • 1/12/2023 – Apollo Global Management had its price target raised by analysts at Barclays PLC from $78.00 to $85.00. They now have an “overweight” rating on the stock.
  • 1/11/2023 – Apollo Global Management had its price target raised by analysts at Wells Fargo & Company from $71.00 to $74.00. They now have an “overweight” rating on the stock.
  • 1/11/2023 – Apollo Global Management was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 1/3/2023 – Apollo Global Management was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
  • 1/2/2023 – Apollo Global Management was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating. They now have a $77.00 price target on the stock.
  • 12/19/2022 – Apollo Global Management had its price target raised by analysts at Barclays PLC from $73.00 to $78.00. They now have an “overweight” rating on the stock.
  • 12/19/2022 – Apollo Global Management was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 12/14/2022 – Apollo Global Management had its price target raised by analysts at Oppenheimer Holdings Inc. to $74.00.
  • 12/2/2022 – Apollo Global Management was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Apollo Global Management Stock Performance

APO stock traded down $0.10 during trading on Wednesday, reaching $67.60. 1,696,752 shares of the company’s stock were exchanged, compared to its average volume of 2,022,547. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.08. Apollo Global Management, Inc. has a 1-year low of $45.62 and a 1-year high of $71.72. The company’s fifty day moving average price is $65.05 and its 200-day moving average price is $58.59. The firm has a market cap of $38.69 billion, a PE ratio of -11.99, a P/E/G ratio of 0.60 and a beta of 1.72.

Apollo Global Management (NYSE:APOGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The financial services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.14. The business had revenue of $670.50 million during the quarter, compared to analyst estimates of $621.08 million. Apollo Global Management had a positive return on equity of 64.38% and a negative net margin of 48.54%. On average, research analysts expect that Apollo Global Management, Inc. will post 5 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Stockholders of record on Thursday, November 17th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Wednesday, November 16th. Apollo Global Management’s dividend payout ratio (DPR) is presently -28.37%.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $64.88, for a total transaction of $1,297,600.00. Following the transaction, the chief financial officer now directly owns 431,486 shares of the company’s stock, valued at $27,994,811.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 15.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Apollo Global Management by 87.8% in the first quarter. Vanguard Group Inc. now owns 37,374,072 shares of the financial services provider’s stock valued at $2,316,818,000 after purchasing an additional 17,476,830 shares in the last quarter. BlackRock Inc. grew its stake in Apollo Global Management by 7.2% in the third quarter. BlackRock Inc. now owns 29,502,545 shares of the financial services provider’s stock valued at $1,371,867,000 after purchasing an additional 1,970,012 shares in the last quarter. State Street Corp grew its stake in Apollo Global Management by 5.5% in the third quarter. State Street Corp now owns 9,422,767 shares of the financial services provider’s stock valued at $438,159,000 after purchasing an additional 487,408 shares in the last quarter. Clearbridge Investments LLC grew its stake in Apollo Global Management by 8.0% in the second quarter. Clearbridge Investments LLC now owns 8,485,353 shares of the financial services provider’s stock valued at $411,370,000 after purchasing an additional 626,230 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Apollo Global Management by 300.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 7,880,195 shares of the financial services provider’s stock valued at $382,032,000 after purchasing an additional 5,912,758 shares in the last quarter. 68.98% of the stock is owned by institutional investors and hedge funds.

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.

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