Analysts Set Apollo Global Management, Inc. (NYSE:APO) Target Price at $150.83

Apollo Global Management, Inc. (NYSE:APO) has been assigned an average rating of “Moderate Buy” from the nineteen analysts that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $150.83.

Several research analysts have recently issued reports on the company. Argus decreased their price target on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. TD Cowen raised their target price on shares of Apollo Global Management from $165.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Morgan Stanley upped 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. JPMorgan Chase & Co. increased their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company boosted their target price on Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. PGGM Investments purchased a new position in Apollo Global Management during the 1st quarter valued at about $840,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Apollo Global Management by 38.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 34,709 shares of the financial services provider’s stock valued at $3,903,000 after buying an additional 9,708 shares during the period. Mackenzie Financial Corp lifted its position in Apollo Global Management by 4.5% in the 2nd quarter. Mackenzie Financial Corp now owns 178,868 shares of the financial services provider’s stock worth $21,119,000 after buying an additional 7,679 shares in the last quarter. Forsta AP Fonden boosted its stake in shares of Apollo Global Management by 8.4% during the 3rd quarter. Forsta AP Fonden now owns 143,600 shares of the financial services provider’s stock valued at $17,937,000 after buying an additional 11,100 shares during the period. Finally, Ameliora Wealth Management Ltd. grew its holdings in shares of Apollo Global Management by 445.8% during the 2nd quarter. Ameliora Wealth Management Ltd. now owns 21,980 shares of the financial services provider’s stock valued at $2,595,000 after acquiring an additional 17,953 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of NYSE APO opened at $163.63 on Tuesday. Apollo Global Management has a 12-month low of $85.84 and a 12-month high of $168.67. The company has a market cap of $92.58 billion, a PE ratio of 17.10, a P/E/G ratio of 1.70 and a beta of 1.59. The stock has a 50 day simple moving average of $137.45 and a 200-day simple moving average of $122.61. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a $0.463 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.13%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is presently 19.33%.

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.