Apollo Global Management (NYSE:APO) Now Covered by Piper Sandler

Piper Sandler began coverage on shares of Apollo Global Management (NYSE:APO) in a report published on Tuesday, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $188.00 price objective on the financial services provider’s stock.

Other research analysts also recently issued reports about the stock. BMO Capital Markets upped their price target on shares of Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lifted their target price on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group lifted 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. Finally, UBS Group raised shares of Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.05.

Apollo Global Management Stock Performance

NYSE:APO opened at $168.28 on Tuesday. The company has a market cap of $95.22 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.69 and a beta of 1.59. Apollo Global Management has a fifty-two week low of $86.21 and a fifty-two week high of $169.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a fifty day moving average price of $139.82 and a 200-day moving average price of $123.50.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a dividend of $0.463 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Monday, November 18th. Apollo Global Management’s dividend payout ratio is currently 19.33%.

Institutional Investors Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently modified their holdings of the business. Cullen Frost Bankers Inc. purchased a new stake in shares of Apollo Global Management during the second quarter worth about $35,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management during the 3rd quarter worth approximately $35,000. Massmutual Trust Co. FSB ADV raised its holdings in Apollo Global Management by 293.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 346 shares during the period. Prospera Private Wealth LLC acquired a new stake in Apollo Global Management in the 3rd quarter valued at $80,000. Finally, Mather Group LLC. lifted its stake in Apollo Global Management by 826.9% in the 2nd quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock valued at $81,000 after buying an additional 645 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

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.