Analysts Issue Forecasts for Apollo Global Management, Inc.’s Q1 2022 Earnings (NYSE:APO)

Apollo Global Management, Inc. (NYSE:APO) – Oppenheimer issued their Q1 2022 earnings estimates for shares of Apollo Global Management in a research note issued on Thursday, January 13th. Oppenheimer analyst C. Kotowski anticipates that the financial services provider will post earnings of $1.32 per share for the quarter. Oppenheimer currently has a “Market Perform” rating and a $67.00 target price on the stock. Oppenheimer also issued estimates for Apollo Global Management’s Q2 2022 earnings at $1.32 EPS, Q3 2022 earnings at $1.35 EPS, Q4 2022 earnings at $1.45 EPS, FY2022 earnings at $5.45 EPS and FY2023 earnings at $6.09 EPS.

Several other research analysts have also recently weighed in on APO. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Apollo Global Management from $110.00 to $101.00 in a report on Thursday. Citigroup upped their price target on shares of Apollo Global Management from $78.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 21st. BMO Capital Markets upped their price target on shares of Apollo Global Management from $80.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, October 20th. Wells Fargo & Company assumed coverage on shares of Apollo Global Management in a research report on Wednesday, December 15th. They issued an “overweight” rating and a $91.00 target price for the company. Finally, Zacks Investment Research lowered shares of Apollo Global Management from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Apollo Global Management has a consensus rating of “Buy” and an average price target of $84.40.

Apollo Global Management stock opened at $68.83 on Friday. The stock has a market cap of $16.97 billion, a P/E ratio of 8.27, a PEG ratio of 0.38 and a beta of 1.63. Apollo Global Management has a fifty-two week low of $45.40 and a fifty-two week high of $81.07. The firm’s fifty day moving average price is $72.20 and its 200-day moving average price is $66.41. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.61 and a current ratio of 1.61.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Tuesday, November 2nd. The financial services provider reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.61. The firm had revenue of $550.95 million during the quarter, compared to analyst estimates of $553.66 million. Apollo Global Management had a net margin of 33.52% and a return on equity of 17.83%. During the same period in the previous year, the business earned $0.47 EPS.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Apollo Global Management by 2.0% in the second quarter. Vanguard Group Inc. now owns 19,252,935 shares of the financial services provider’s stock worth $1,197,531,000 after buying an additional 380,654 shares in the last quarter. BlackRock Inc. raised its stake in Apollo Global Management by 16.4% in the third quarter. BlackRock Inc. now owns 16,578,428 shares of the financial services provider’s stock worth $1,021,064,000 after buying an additional 2,338,140 shares in the last quarter. Invesco Ltd. raised its stake in Apollo Global Management by 100.2% in the second quarter. Invesco Ltd. now owns 7,072,093 shares of the financial services provider’s stock worth $439,885,000 after buying an additional 3,539,101 shares in the last quarter. Capital International Investors raised its stake in Apollo Global Management by 4.4% in the second quarter. Capital International Investors now owns 5,794,777 shares of the financial services provider’s stock worth $360,435,000 after buying an additional 244,179 shares in the last quarter. Finally, Morgan Stanley raised its stake in Apollo Global Management by 36.4% in the third quarter. Morgan Stanley now owns 5,368,971 shares of the financial services provider’s stock worth $330,675,000 after buying an additional 1,433,392 shares in the last quarter. 81.36% of the stock is owned by institutional investors.

In other news, CFO Martin Kelly sold 20,000 shares of the stock in a transaction dated Wednesday, December 8th. The shares were sold at an average price of $71.29, for a total transaction of $1,425,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joshua Harris sold 307,369 shares of the stock in a transaction dated Tuesday, October 19th. The stock was sold at an average price of $73.19, for a total transaction of $22,496,337.11. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 566,828 shares of company stock valued at $40,769,178. Company insiders own 3.90% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 30th. Shareholders of record on Friday, November 19th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 18th. This represents a $2.00 annualized dividend and a yield of 2.91%. Apollo Global Management’s payout ratio is 24.04%.

Apollo Global Management Company Profile

Provides asset management services

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