Apollo Global Management (NYSE:APO) Price Target Raised to $164.00 at Wells Fargo & Company

Apollo Global Management (NYSE:APO) had its price objective boosted by Wells Fargo & Company from $149.00 to $164.00 in a research report report published on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the financial services provider’s stock.

APO has been the topic of a number of other research reports. TD Cowen lifted their price target on shares of Apollo Global Management from $135.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Redburn Atlantic assumed coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target for the company. BMO Capital Markets lifted their price objective on Apollo Global Management from $123.00 to $138.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Argus dropped their target price on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Finally, Barclays upped their price target on Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.83.

Apollo Global Management Trading Up 1.4 %

Apollo Global Management stock opened at $162.00 on Wednesday. The business has a 50 day moving average price of $132.07 and a two-hundred day moving average price of $120.75. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. Apollo Global Management has a 12 month low of $83.88 and a 12 month high of $166.72. The stock has a market cap of $92.26 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 1.80 and a beta of 1.59.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s payout ratio is 19.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. bought a new stake in Apollo Global Management in the 2nd quarter valued at approximately $35,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Apollo Global Management during the 3rd quarter worth approximately $35,000. J.Safra Asset Management Corp grew its stake in shares of 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 buying an additional 305 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Apollo Global Management by 293.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after buying an additional 346 shares during the last quarter. Finally, Orion Capital Management LLC raised its position in Apollo Global Management by 20.0% during the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 100 shares in the last quarter. 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.