Apollo Global Management (NYSE:APO) Price Target Raised to $122.00 at Barclays

Apollo Global Management (NYSE:APOFree Report) had its target price hoisted by Barclays from $118.00 to $122.00 in a research report released on Monday, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

APO has been the subject of several other research reports. BMO Capital Markets reduced their price target on shares of Apollo Global Management from $103.00 to $98.00 and set an outperform rating for the company in a report on Friday, November 3rd. Wells Fargo & Company boosted their price target on shares of Apollo Global Management from $110.00 to $118.00 and gave the company an overweight rating in a report on Friday. TD Cowen started coverage on shares of Apollo Global Management in a report on Thursday, January 4th. They set an outperform rating and a $115.00 price target for the company. Finally, Morgan Stanley boosted their price target on shares of Apollo Global Management from $94.00 to $99.00 and gave the company an equal weight rating in a report on Wednesday, January 24th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Apollo Global Management currently has an average rating of Moderate Buy and a consensus price target of $102.27.

View Our Latest Research Report on APO

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $108.88 on Monday. The company has a market cap of $61.79 billion, a PE ratio of 12.95, a P/E/G ratio of 0.78 and a beta of 1.63. The company has a fifty day moving average price of $96.48 and a two-hundred day moving average price of $89.89. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.19 and a quick ratio of 1.19. Apollo Global Management has a 12 month low of $55.16 and a 12 month high of $111.72.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 29th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Friday, February 16th. Apollo Global Management’s dividend payout ratio is currently 20.45%.

Insider Activity at Apollo Global Management

In related news, insider James C. Zelter sold 70,000 shares of Apollo Global Management stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $90.85, for a total transaction of $6,359,500.00. Following the sale, the insider now directly owns 1,130,000 shares in the company, valued at $102,660,500. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Apollo Global Management news, insider James C. Zelter sold 70,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $90.85, for a total value of $6,359,500.00. Following the sale, the insider now directly owns 1,130,000 shares in the company, valued at $102,660,500. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James C. Zelter sold 87,500 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $86.16, for a total transaction of $7,539,000.00. Following the completion of the sale, the insider now owns 5,094,585 shares in the company, valued at $438,949,443.60. The disclosure for this sale can be found here. Company insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Nova Scotia raised its holdings in Apollo Global Management by 237.1% during the 4th quarter. Bank of Nova Scotia now owns 14,831 shares of the financial services provider’s stock worth $1,382,000 after buying an additional 10,431 shares during the period. NWK Group Inc. acquired a new stake in Apollo Global Management during the 4th quarter worth about $1,078,000. TFO Wealth Partners LLC raised its holdings in Apollo Global Management by 61,683.3% during the 4th quarter. TFO Wealth Partners LLC now owns 3,707 shares of the financial services provider’s stock worth $345,000 after buying an additional 3,701 shares during the period. Treasurer of the State of North Carolina raised its holdings in Apollo Global Management by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 231,525 shares of the financial services provider’s stock worth $21,576,000 after buying an additional 2,260 shares during the period. Finally, Stifel Financial Corp raised its holdings in Apollo Global Management by 11.1% during the 4th quarter. Stifel Financial Corp now owns 313,880 shares of the financial services provider’s stock worth $29,251,000 after buying an additional 31,262 shares during the period. 60.86% of the stock is currently owned by institutional investors.

Apollo Global Management Company Profile

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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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