Apollo Global Management (NYSE:APO) Price Target Cut to $117.00 by Analysts at Jefferies Financial Group

Apollo Global Management (NYSE:APO) had its price objective decreased by Jefferies Financial Group from $119.00 to $117.00 in a research report sent to investors on Thursday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the financial services provider’s stock.

Other analysts also recently issued reports about the company. Wells Fargo & Company raised their target price on Apollo Global Management from $110.00 to $118.00 and gave the company an overweight rating in a research note on Friday, February 9th. JPMorgan Chase & Co. lifted their price objective on Apollo Global Management from $122.00 to $123.00 and gave the stock an overweight rating in a report on Wednesday, April 24th. Keefe, Bruyette & Woods raised their price target on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an outperform rating in a research report on Thursday, March 7th. BMO Capital Markets upped 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, Morgan Stanley raised their price objective on shares of Apollo Global Management from $94.00 to $99.00 and gave the stock an equal weight rating in a report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $115.62.

Apollo Global Management Stock Down 0.1 %

NYSE:APO traded down $0.13 during trading hours on Thursday, hitting $112.06. The stock had a trading volume of 1,263,229 shares, compared to its average volume of 2,278,231. The company has a market cap of $63.67 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 0.90 and a beta of 1.61. The business has a 50 day simple moving average of $111.23 and a two-hundred day simple moving average of $100.93. Apollo Global Management has a 1-year low of $61.98 and a 1-year high of $117.15. The company has a current ratio of 1.60, a quick ratio of 1.54 and a debt-to-equity ratio of 0.37.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.11. Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. The business had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. Analysts predict that Apollo Global Management will post 7.23 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a dividend of $0.463 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, May 16th. Apollo Global Management’s dividend payout ratio is presently 19.05%.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 30,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total value of $3,338,700.00. Following the sale, the chief financial officer now owns 359,445 shares of the company’s stock, valued at approximately $40,002,634.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 stock was sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the completion of the transaction, the chief financial officer now owns 359,445 shares in the company, valued at approximately $40,002,634.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Leon D. Black sold 450,000 shares of Apollo Global Management stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $110.71, for a total transaction of $49,819,500.00. Following the sale, the insider now owns 42,604,773 shares in the company, valued at $4,716,774,418.83. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,456,000 shares of company stock worth $161,565,660. 8.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Apollo Global Management

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APO. Sugarloaf Wealth Management LLC bought a new stake in shares of Apollo Global Management in the 4th quarter worth $31,000. DSM Capital Partners LLC bought a new stake in Apollo Global Management in the fourth quarter worth about $31,000. J.Safra Asset Management Corp raised its position in Apollo Global Management by 709.3% in the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 305 shares in the last quarter. True Wealth Design LLC acquired a new stake in Apollo Global Management in the 4th quarter valued at about $33,000. Finally, CVA Family Office LLC bought a new position in shares of Apollo Global Management during the 4th quarter valued at about $34,000. 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.