Apollo Global Management (NYSE:APO) Price Target Raised to $172.00

Apollo Global Management (NYSE:APO) had its target price upped by Barclays from $159.00 to $172.00 in a report issued on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.

Several other equities research analysts have also recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Apollo Global Management in a report on Monday, December 8th. Keefe, Bruyette & Woods increased their price objective on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. BMO Capital Markets set a $136.00 target price on shares of Apollo Global Management and gave the stock a “market perform” rating in a report on Tuesday, November 25th. Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Evercore ISI raised their price target on shares of Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $166.23.

Apollo Global Management Price Performance

APO stock opened at $148.06 on Friday. The firm has a market cap of $85.94 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.46 and a beta of 1.61. The firm’s fifty day moving average is $129.64 and its 200 day moving average is $135.98. Apollo Global Management has a 52 week low of $102.58 and a 52 week high of $179.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.49.

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were issued a dividend of $0.51 per share. The ex-dividend date was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. Apollo Global Management’s dividend payout ratio is 29.82%.

Insiders Place Their Bets

In related news, CFO Martin Kelly sold 6,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the transaction, the chief financial officer directly owned 325,604 shares in the company, valued at $42,787,621.64. This trade represents a 1.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Apollo Global Management

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Independent Advisor Alliance boosted its position in shares of Apollo Global Management by 4.0% in the 1st quarter. Independent Advisor Alliance now owns 3,574 shares of the financial services provider’s stock worth $489,000 after purchasing an additional 136 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Apollo Global Management by 3.6% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 77,615 shares of the financial services provider’s stock valued at $10,629,000 after buying an additional 2,700 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in Apollo Global Management by 126.6% in the first quarter. Vestmark Advisory Solutions Inc. now owns 6,586 shares of the financial services provider’s stock worth $902,000 after acquiring an additional 3,680 shares in the last quarter. Horizon Investments LLC grew its stake in shares of Apollo Global Management by 55.9% in the first quarter. Horizon Investments LLC now owns 18,851 shares of the financial services provider’s stock worth $2,581,000 after acquiring an additional 6,757 shares during the last quarter. Finally, Liontrust Investment Partners LLP bought a new position in shares of Apollo Global Management during the first quarter valued at $13,431,000. Hedge funds and other 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, 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.