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 Tuesday morning.

Other research analysts have also issued research reports about the company. Wolfe Research initiated coverage on Apollo Global Management in a report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 target price on the stock. UBS Group raised their target price on Apollo Global Management from $117.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their target price on Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. The Goldman Sachs Group raised their target price on Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Evercore ISI raised their target price on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.83.

Apollo Global Management Stock Down 0.4 %

Shares of NYSE:APO opened at $163.60 on Tuesday. The firm has a market cap of $93.18 billion, a P/E ratio of 17.10, a PEG ratio of 1.70 and a beta of 1.59. Apollo Global Management has a 52-week low of $85.84 and a 52-week high of $168.67. The business’s 50 day simple moving average is $137.45 and its two-hundred day simple moving average is $122.51. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a $0.463 dividend. The ex-dividend date of this dividend is Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. 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 Trading of Apollo Global Management

Several hedge funds have recently made changes to their positions in APO. Envestnet Portfolio Solutions Inc. raised its stake in shares of Apollo Global Management by 20.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 11,840 shares of the financial services provider’s stock valued at $1,331,000 after buying an additional 2,031 shares during the period. QRG Capital Management Inc. raised its stake in shares of Apollo Global Management by 10.7% in the first quarter. QRG Capital Management Inc. now owns 21,663 shares of the financial services provider’s stock valued at $2,436,000 after buying an additional 2,099 shares during the period. US Bancorp DE raised its stake in shares of Apollo Global Management by 3.5% in the first quarter. US Bancorp DE now owns 8,551 shares of the financial services provider’s stock valued at $962,000 after buying an additional 288 shares during the period. Avantax Advisory Services Inc. bought a new stake in shares of Apollo Global Management in the first quarter valued at $2,382,000. Finally, Bleakley Financial Group LLC raised its stake in shares of Apollo Global Management by 7.9% in the first quarter. Bleakley Financial Group LLC now owns 18,565 shares of the financial services provider’s stock valued at $2,088,000 after buying an additional 1,357 shares during the period. 77.06% of the stock is currently owned by institutional investors.

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.