Analysts Set Apollo Global Management, Inc. (NYSE:APO) PT at $150.83

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

Several research firms have issued reports on APO. Citigroup raised their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company boosted their target price on shares of Apollo Global Management from $149.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Redburn Partners initiated coverage on Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. UBS Group upped their target price on Apollo Global Management from $117.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Wolfe Research began coverage on Apollo Global Management in a research note on Wednesday, September 25th. They set an “outperform” rating and a $139.00 target price for the company.

Institutional Trading of Apollo Global Management

A number of large investors have recently added to or reduced their stakes in the stock. PGGM Investments bought a new stake in shares of Apollo Global Management in the 1st quarter worth approximately $840,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Apollo Global Management by 38.8% in the first 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 buying an additional 9,708 shares during the period. Mackenzie Financial Corp lifted its position in shares of 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 buying an additional 7,679 shares during the last quarter. Forsta AP Fonden grew its stake in shares of 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 worth $17,937,000 after acquiring an additional 11,100 shares during the period. Finally, Ameliora Wealth Management Ltd. increased its holdings in Apollo Global Management by 445.8% in the 2nd quarter. Ameliora Wealth Management Ltd. now owns 21,980 shares of the financial services provider’s stock worth $2,595,000 after acquiring an additional 17,953 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Down 0.0 %

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

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a $0.463 dividend. 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. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is 19.33%.

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.