Apollo Global Management (NYSE:APO) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Apollo Global Management (NYSE:APO) from a sell rating to a hold rating in a report issued on Monday morning.

Several other research firms have also weighed in on APO. Evercore ISI boosted their price target on Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Wells Fargo & Company raised their target price on shares of Apollo Global Management from $149.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Wolfe Research initiated coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price target on the stock. Redburn Partners began 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 objective for the company. Finally, Citigroup upped their target price on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and an average target price of $155.05.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $172.34 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The business has a 50-day moving average of $148.51 and a 200-day moving average of $126.81. The stock has a market capitalization of $97.51 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.81 and a beta of 1.59. Apollo Global Management has a fifty-two week low of $88.58 and a fifty-two week high of $176.75.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. Apollo Global Management’s payout ratio is presently 19.33%.

Institutional Trading of Apollo Global Management

Several large investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. acquired a new position in Apollo Global Management during the second quarter worth about $35,000. Compagnie Lombard Odier SCmA acquired a new position in Apollo Global Management during the 3rd quarter worth approximately $35,000. Massmutual Trust Co. FSB ADV lifted its stake in Apollo Global Management by 293.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 346 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in Apollo Global Management in the third quarter valued at approximately $80,000. Finally, Mather Group LLC. boosted its position in Apollo Global Management by 826.9% in the second quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock valued at $81,000 after buying an additional 645 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

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.