Apollo Global Management, Inc. (NYSE:APO) Receives $150.83 Average PT from Brokerages

Shares of Apollo Global Management, Inc. (NYSE:APO) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $150.83.

A number of research firms have recently weighed in on APO. BMO Capital Markets raised their price target on Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Argus cut their price objective on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their target price for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. Morgan Stanley increased their price target 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. Finally, Evercore ISI lifted their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $164.34 on Tuesday. The firm has a market cap of $92.99 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.69 and a beta of 1.59. Apollo Global Management has a 1 year low of $86.21 and a 1 year high of $168.67. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $138.59 and a 200 day simple moving average of $123.09.

Apollo Global Management Increases Dividend

The business 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 is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.13%. Apollo Global Management’s payout ratio is presently 19.33%.

Institutional Investors Weigh In On Apollo Global Management

Several hedge funds have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. acquired a new position in Apollo Global Management in the 2nd quarter valued at approximately $35,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Apollo Global Management in the third quarter valued at $35,000. J.Safra Asset Management Corp lifted its position 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 worth $39,000 after purchasing an additional 305 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake 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 in the last quarter. Finally, Orion Capital Management LLC boosted its stake 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 buying 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.