Apollo Global Management (NYSE:APO) Price Target Raised to $178.00

Apollo Global Management (NYSE:APO) had its target price raised by The Goldman Sachs Group from $161.00 to $178.00 in a report published on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the financial services provider’s stock.

A number of other equities analysts have also recently commented on APO. Keefe, Bruyette & Woods lifted their target price on shares of Apollo Global Management from $159.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. TD Cowen boosted their price objective on shares of Apollo Global Management from $165.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Piper Sandler initiated coverage on shares of Apollo Global Management in a research report on Tuesday. They issued an “overweight” rating and a $188.00 price objective on the stock. Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $124.00 to $123.00 in a research report on Tuesday, August 6th. Finally, Redburn Atlantic initiated coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $155.05.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $167.50 on Tuesday. The stock has a market cap of $94.77 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 1.74 and a beta of 1.59. The firm’s fifty day moving average price is $143.02 and its 200-day moving average price is $124.45. Apollo Global Management has a fifty-two week low of $88.58 and a fifty-two week high of $169.58. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a dividend of $0.463 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.85 annualized dividend and a yield of 1.11%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s payout ratio is presently 19.33%.

Institutional Investors Weigh In On Apollo Global Management

Several hedge funds have recently bought and sold shares of the business. Cullen Frost Bankers Inc. bought a new position in shares of Apollo Global Management in the second quarter worth approximately $35,000. Compagnie Lombard Odier SCmA bought a new position in shares of Apollo Global Management in the third quarter worth approximately $35,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Apollo Global Management by 293.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after buying an additional 346 shares in the last quarter. Prospera Private Wealth LLC bought a new position in shares of Apollo Global Management in the third quarter worth approximately $80,000. Finally, Mather Group LLC. lifted its stake in shares of Apollo Global Management by 826.9% in the second quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock worth $81,000 after buying an additional 645 shares in the last quarter. 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.