Apollo Global Management (NYSE:APO) Hits New 1-Year High at $130.67

Apollo Global Management, Inc. (NYSE:APO)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $130.67 and last traded at $129.75, with a volume of 800403 shares changing hands. The stock had previously closed at $124.91.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on APO shares. Wolfe Research began coverage on Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price objective on the stock. Argus reduced their price objective on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Redburn Atlantic initiated coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. UBS Group lifted their price objective on Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Finally, Redburn Partners initiated coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.65.

Apollo Global Management Price Performance

The company has a market capitalization of $73.16 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 1.30 and a beta of 1.61. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $114.01 and a 200 day moving average price of $114.38.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.03). The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. During the same quarter in the prior year, the firm earned $1.54 EPS. As a group, equities research analysts forecast that Apollo Global Management, Inc. will post 6.62 earnings per share for the current year.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management’s payout ratio is 20.49%.

Insider Buying and Selling

In other news, Director Pauline Richards purchased 2,351 shares of Apollo Global Management stock in a transaction dated Tuesday, August 6th. The shares were bought at an average cost of $104.92 per share, with a total value of $246,666.92. Following the completion of the transaction, the director now directly owns 85,854 shares in the company, valued at approximately $9,007,801.68. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Apollo Global Management

Institutional investors and hedge funds have recently modified their holdings of the business. True Wealth Design LLC bought a new position in Apollo Global Management during the 4th quarter worth about $33,000. Cullen Frost Bankers Inc. bought a new stake in Apollo Global Management in the 2nd quarter valued at approximately $35,000. Carolinas Wealth Consulting LLC acquired a new position in Apollo Global Management during the 4th quarter worth approximately $38,000. J.Safra Asset Management Corp grew 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 valued at $39,000 after purchasing an additional 305 shares in the last quarter. Finally, Riverview Trust Co acquired a new position in shares of Apollo Global Management during the 1st quarter worth about $45,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Company Profile

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.