Apollo Global Management, Inc. (NYSE:APO) Receives $150.83 Average Target Price from Brokerages

Apollo Global Management, Inc. (NYSE:APO) has received an average recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $150.83.

A number of brokerages recently issued reports on APO. UBS Group increased their price objective on Apollo Global Management from $117.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and cut their price objective for the company from $124.00 to $123.00 in a research report on Tuesday, August 6th. The Goldman Sachs Group boosted their price objective on shares of Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. BMO Capital Markets raised their price target on shares of Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd.

Apollo Global Management Stock Down 0.0 %

Apollo Global Management stock opened at $164.31 on Tuesday. The firm has a market capitalization of $93.58 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.70 and a beta of 1.59. The firm has a 50 day simple moving average of $136.34 and a 200 day simple moving average of $122.15. Apollo Global Management has a 1-year low of $85.84 and a 1-year high of $168.67. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a dividend of $0.463 per share. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

Institutional Investors Weigh In On Apollo Global Management

A number of hedge funds have recently made changes to their positions in APO. Curated Wealth Partners LLC raised its position in Apollo Global Management by 200.3% in the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after purchasing an additional 4,717,661 shares during the period. Capital Research Global Investors increased its holdings in shares of Apollo Global Management by 40.3% in the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock worth $532,852,000 after buying an additional 1,360,525 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of Apollo Global Management in the 2nd quarter valued at about $62,972,000. 1832 Asset Management L.P. boosted its holdings in Apollo Global Management by 66.0% during the 1st quarter. 1832 Asset Management L.P. now owns 1,257,460 shares of the financial services provider’s stock valued at $141,401,000 after acquiring an additional 499,930 shares during the period. Finally, Marshall Wace LLP grew its position in Apollo Global Management by 74.5% during the 2nd quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider’s stock worth $112,836,000 after acquiring an additional 408,105 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

About Apollo Global Management

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.