Apollo Global Management (NYSE:APO) had its price target raised by UBS Group from $37.00 to $45.00 in a research note released on Friday, BenzingaRatingsTable reports. They currently have a buy rating on the financial services provider’s stock.
Several other brokerages have also commented on APO. Barclays initiated coverage on shares of Apollo Global Management in a report on Monday, August 5th. They issued an overweight rating and a $45.00 price target for the company. Zacks Investment Research lowered shares of Apollo Global Management from a buy rating to a hold rating in a report on Monday, August 5th. Morgan Stanley boosted their price target on shares of Apollo Global Management from $33.00 to $36.00 and gave the stock an equal weight rating in a report on Tuesday, July 9th. Wells Fargo & Co boosted their price target on shares of Apollo Global Management from $42.00 to $48.00 and gave the stock an outperform rating in a report on Thursday, September 12th. Finally, JMP Securities boosted their price target on shares of Apollo Global Management from $36.00 to $40.00 and gave the stock a market outperform rating in a report on Friday, June 7th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $41.18.
Shares of NYSE APO opened at $40.13 on Friday. The firm has a market cap of $8.21 billion, a PE ratio of -191.10, a PEG ratio of 1.09 and a beta of 1.49. The firm has a fifty day moving average of $36.74 and a 200 day moving average of $33.18. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.64 and a current ratio of 1.64. Apollo Global Management has a one year low of $22.63 and a one year high of $41.79.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend was Thursday, August 15th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s payout ratio is -952.38%.
In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of Apollo Global Management stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $39.96, for a total transaction of $159,840.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Pauline Richards bought 2,720 shares of the stock in a transaction on Friday, August 2nd. The shares were acquired at an average cost of $30.85 per share, for a total transaction of $83,912.00. The disclosure for this purchase can be found here. Insiders own 46.90% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in APO. TCG Advisors LP acquired a new stake in Apollo Global Management during the 1st quarter worth $26,000. Arlington Partners LLC acquired a new position in shares of Apollo Global Management during the 2nd quarter valued at about $34,000. NEXT Financial Group Inc acquired a new position in shares of Apollo Global Management during the 2nd quarter valued at about $54,000. Boston Partners acquired a new position in shares of Apollo Global Management during the 2nd quarter valued at about $125,000. Finally, ProVise Management Group LLC acquired a new position in shares of Apollo Global Management during the 2nd quarter valued at about $213,000. 72.55% of the stock is currently owned by institutional investors.
Apollo Global Management Company Profile
Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.
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