TD Cowen Issues Positive Forecast for Apollo Global Management (NYSE:APO) Stock Price

Apollo Global Management (NYSE:APO) had its price objective raised by TD Cowen from $165.00 to $178.00 in a report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other brokerages have also recently weighed in on APO. JPMorgan Chase & Co. lifted their price objective on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods increased their price objective on Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group increased their price target on Apollo Global Management from $117.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group boosted their target price on Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Redburn Atlantic assumed coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $150.83.

Apollo Global Management Trading Up 9.6 %

Shares of Apollo Global Management stock opened at $163.67 on Wednesday. The firm has a market capitalization of $93.21 billion, a PE ratio of 17.45, a P/E/G ratio of 1.55 and a beta of 1.59. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. Apollo Global Management has a twelve month low of $82.71 and a twelve month high of $166.72. The firm’s 50-day moving average price is $130.21 and its 200 day moving average price is $120.07.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.13%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.72%.

Institutional Trading of Apollo Global Management

Several institutional investors and hedge funds have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA acquired a new position in shares of Apollo Global Management during the 3rd quarter worth about $35,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Apollo Global Management during the 2nd quarter valued at $35,000. J.Safra Asset Management Corp increased its holdings in Apollo Global Management by 709.3% in the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 305 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in Apollo Global Management by 293.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock valued at $55,000 after buying an additional 346 shares during the period. Finally, Orion Capital Management LLC raised its stake in Apollo Global Management by 20.0% during the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after buying an additional 100 shares during the period. Institutional investors own 77.06% of the company’s stock.

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.