Apollo Global Management (NYSE:APO) Price Target Raised to $200.00 at Barclays

Apollo Global Management (NYSE:APO) had its target price raised by Barclays from $174.00 to $200.00 in a report released on Monday,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other brokerages also recently commented on APO. Morgan Stanley increased their price objective on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Wells Fargo & Company boosted their price objective on shares of Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Argus lowered their price target on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. BMO Capital Markets increased their price target on shares of Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average target price of $159.16.

Apollo Global Management Trading Down 3.0 %

Shares of APO opened at $172.43 on Monday. The stock’s 50-day moving average is $154.41 and its two-hundred day moving average is $129.39. The stock has a market cap of $97.56 billion, a PE ratio of 18.02, a P/E/G ratio of 1.84 and a beta of 1.63. Apollo Global Management has a 12 month low of $89.76 and a 12 month high of $189.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.463 per share. The ex-dividend date was Monday, November 18th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.07%. Apollo Global Management’s payout ratio is 19.33%.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the transaction, the chief financial officer now owns 320,564 shares in the company, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Leon D. Black sold 58,200 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the sale, the insider now directly owns 35,104,773 shares in the company, valued at $6,086,114,495.01. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Apollo Global Management in the 3rd quarter valued at $503,000. Sfmg LLC increased its stake in Apollo Global Management by 1.1% during the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock worth $902,000 after buying an additional 79 shares during the period. World Investment Advisors LLC increased its position in shares of Apollo Global Management by 1.8% in the 3rd quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider’s stock worth $852,000 after purchasing an additional 119 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Apollo Global Management by 11.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 110,347 shares of the financial services provider’s stock worth $13,783,000 after purchasing an additional 11,370 shares during the last quarter. Finally, Unigestion Holding SA bought a new stake in shares of Apollo Global Management in the 3rd quarter worth about $609,000. 77.06% of the stock is owned by hedge funds and other 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.