Apollo Global Management (NYSE:APO) Upgraded at UBS Group

UBS Group upgraded shares of Apollo Global Management (NYSE:APO) to a hold rating in a report released on Wednesday morning,Zacks.com reports.

Other research analysts have also issued reports about the stock. StockNews.com upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a report on Tuesday. Argus decreased their target price on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Morgan Stanley boosted their price target on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Wolfe Research initiated coverage on Apollo Global Management in a research note on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price target on the stock. Finally, Bank of America upgraded Apollo Global Management from a “neutral” rating to a “buy” rating and dropped their target price for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.83.

Apollo Global Management Stock Down 0.4 %

Shares of NYSE APO opened at $163.60 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The firm’s 50-day moving average is $137.45 and its two-hundred day moving average is $122.51. Apollo Global Management has a 12-month low of $85.84 and a 12-month high of $168.67. The company has a market capitalization of $93.18 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.70 and a beta of 1.59.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a $0.463 dividend. The ex-dividend date of this dividend is Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.13%. Apollo Global Management’s payout ratio is 19.33%.

Hedge Funds Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently modified their holdings of the company. PGGM Investments bought a new position in Apollo Global Management in the 1st quarter worth about $840,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Apollo Global Management by 38.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 34,709 shares of the financial services provider’s stock valued at $3,903,000 after acquiring an additional 9,708 shares during the period. Mackenzie Financial Corp raised its stake in Apollo Global Management by 4.5% during the 2nd quarter. Mackenzie Financial Corp now owns 178,868 shares of the financial services provider’s stock valued at $21,119,000 after acquiring an additional 7,679 shares in the last quarter. Forsta AP Fonden raised its stake in Apollo Global Management by 8.4% during the 3rd quarter. Forsta AP Fonden now owns 143,600 shares of the financial services provider’s stock valued at $17,937,000 after acquiring an additional 11,100 shares in the last quarter. Finally, Ameliora Wealth Management Ltd. grew its stake in shares of Apollo Global Management by 445.8% in the second quarter. Ameliora Wealth Management Ltd. now owns 21,980 shares of the financial services provider’s stock worth $2,595,000 after purchasing an additional 17,953 shares in the last quarter. Institutional investors and hedge funds 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.