UBS Group Boosts Apollo Global Management (NYSE:APO) Price Target to $150.00

Apollo Global Management (NYSE:APO) had its target price boosted by UBS Group from $117.00 to $150.00 in a research report released on Tuesday morning, Benzinga reports. UBS Group currently has a neutral rating on the financial services provider’s stock.

Several other brokerages have also weighed in on APO. BMO Capital Markets upped their price objective on shares of Apollo Global Management from $123.00 to $138.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Redburn Partners started coverage on Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. JPMorgan Chase & Co. raised 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. Deutsche Bank Aktiengesellschaft lowered their target price on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Finally, Evercore ISI lifted their price target on shares of Apollo Global Management from $127.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $139.56.

Apollo Global Management Trading Down 2.2 %

NYSE APO opened at $143.09 on Tuesday. The stock has a market capitalization of $81.30 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.39 and a beta of 1.62. The business has a 50 day simple moving average of $124.54 and a 200 day simple moving average of $117.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. Apollo Global Management has a one year low of $77.11 and a one year high of $146.82.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.03). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. During the same period last year, the business earned $1.54 EPS. Research analysts expect that Apollo Global Management will post 6.66 earnings per share for the current year.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Friday, August 16th. Apollo Global Management’s dividend payout ratio is presently 20.49%.

Insider Buying and Selling

In other Apollo Global Management news, Director Pauline Richards bought 2,351 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average cost of $104.92 per share, with a total value of $246,666.92. Following the transaction, the director now directly owns 85,854 shares in the company, valued at $9,007,801.68. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Apollo Global Management

Several large investors have recently modified their holdings of APO. Compagnie Lombard Odier SCmA bought a new position in Apollo Global Management during the third quarter valued at $35,000. Cullen Frost Bankers Inc. bought a new position in shares of Apollo Global Management during the 2nd quarter worth $35,000. J.Safra Asset Management Corp raised its stake in Apollo Global Management by 709.3% in the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 305 shares during the period. Riverview Trust Co purchased a new stake in Apollo Global Management during the first quarter valued at about $45,000. Finally, Massmutual Trust Co. FSB ADV boosted its position 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 purchasing an additional 346 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

About Apollo Global Management

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.