ValuEngine Lowers Apollo Global Management (NYSE:APO) to Sell

ValuEngine downgraded shares of Apollo Global Management (NYSE:APO) from a hold rating to a sell rating in a report released on Thursday, ValuEngine reports.

Several other brokerages have also issued reports on APO. Morgan Stanley lifted their price objective on shares of Apollo Global Management from $42.00 to $52.00 and gave the company an equal weight rating in a report on Tuesday, July 14th. Jefferies Financial Group raised their target price on shares of Apollo Global Management from $44.00 to $45.00 and gave the company a buy rating in a research note on Monday, May 4th. Oppenheimer restated a hold rating on shares of Apollo Global Management in a research note on Monday, May 4th. Deutsche Bank lowered their target price on shares of Apollo Global Management from $46.00 to $45.00 and set a hold rating for the company in a research note on Thursday, July 9th. Finally, TheStreet downgraded shares of Apollo Global Management from a b- rating to a c- rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. Apollo Global Management has an average rating of Hold and an average price target of $56.29.

Shares of APO stock opened at $49.10 on Thursday. Apollo Global Management has a 52-week low of $19.46 and a 52-week high of $55.38. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $11.24 billion, a PE ratio of -153.44, a PEG ratio of 1.48 and a beta of 1.65. The stock has a fifty day simple moving average of $50.71 and a two-hundred day simple moving average of $44.46.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.02). Apollo Global Management had a net margin of 31.68% and a return on equity of 38.25%. The business had revenue of $467.01 million during the quarter, compared to the consensus estimate of $442.94 million. During the same period in the previous year, the business posted $0.58 EPS. On average, sell-side analysts forecast that Apollo Global Management will post 1.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Tuesday, August 18th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, August 17th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.42. This represents a $1.96 dividend on an annualized basis and a yield of 3.99%. Apollo Global Management’s payout ratio is currently 61.99%.

In related news, Director Marc J. Rowan sold 286,115 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $41.87, for a total transaction of $11,979,635.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Anthony Civale sold 4,121 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $48.17, for a total transaction of $198,508.57. The disclosure for this sale can be found here. Insiders have sold 1,187,598 shares of company stock valued at $51,642,778 over the last 90 days. 46.90% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its position in Apollo Global Management by 38.9% during the second quarter. Parallel Advisors LLC now owns 746 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 209 shares during the period. Global Retirement Partners LLC increased its holdings in Apollo Global Management by 39.0% in the second quarter. Global Retirement Partners LLC now owns 1,832 shares of the financial services provider’s stock valued at $91,000 after buying an additional 514 shares in the last quarter. Coastal Bridge Advisors LLC increased its holdings in Apollo Global Management by 0.9% in the first quarter. Coastal Bridge Advisors LLC now owns 59,721 shares of the financial services provider’s stock valued at $2,001,000 after buying an additional 532 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Apollo Global Management by 32.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,212 shares of the financial services provider’s stock valued at $74,000 after buying an additional 539 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new position in Apollo Global Management in the second quarter valued at $28,000. Institutional investors own 70.10% of the company’s stock.

Apollo Global Management Company Profile

Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Apollo Global Management (NYSE:APO)

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