Apollo Global Management (NYSE:APO) Price Target Raised to $186.00

Apollo Global Management (NYSE:APO) had its target price increased by BMO Capital Markets from $157.00 to $186.00 in a report published on Thursday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the financial services provider’s stock.

Other analysts have also recently issued research reports about the stock. Redburn Partners initiated coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective on the stock. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods raised their price target on shares of Apollo Global Management from $159.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Evercore ISI increased their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley lifted their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.63.

Apollo Global Management Stock Up 0.8 %

NYSE:APO opened at $171.03 on Thursday. Apollo Global Management has a one year low of $89.76 and a one year 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. The company has a market cap of $96.77 billion, a PE ratio of 17.87, a P/E/G ratio of 1.84 and a beta of 1.63. The firm’s 50 day simple moving average is $161.44 and its 200 day simple moving average is $132.87.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.08%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio is presently 19.33%.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 133,400 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the sale, the insider now directly owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. This represents a 0.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction 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 directly owns 320,564 shares in the company, valued at $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Apollo Global Management

Institutional investors have recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA bought a new position in shares of Apollo Global Management during the 3rd quarter worth approximately $35,000. Cullen Frost Bankers Inc. bought a new stake in Apollo Global Management during the second quarter worth $35,000. Prospera Private Wealth LLC purchased a new position in Apollo Global Management in the third quarter worth $80,000. Truvestments Capital LLC bought a new position in Apollo Global Management in the 3rd quarter valued at $83,000. Finally, Allworth Financial LP increased its position in shares of Apollo Global Management by 14.3% during the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 91 shares during the last quarter. 77.06% of the stock is owned by 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.