Apollo Global Management (NYSE:APO) Given New $202.00 Price Target at Piper Sandler

Apollo Global Management (NYSE:APO) had its price objective boosted by Piper Sandler from $188.00 to $202.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the stock. Argus decreased their target price on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. Redburn Partners started coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. Keefe, Bruyette & Woods boosted their price target on Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Citigroup boosted their target price on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Redburn Atlantic assumed coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus target price of $161.63.

Apollo Global Management Trading Down 5.0 %

NYSE APO opened at $167.44 on Wednesday. The firm has a market cap of $94.74 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.84 and a beta of 1.63. Apollo Global Management has a 1-year low of $89.76 and a 1-year high of $189.49. The stock has a 50-day moving average of $160.19 and a 200-day moving average of $132.23. 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 business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a $0.463 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 annualized dividend and a yield of 1.11%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s payout ratio is presently 19.33%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the transaction, the insider now directly owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock worth $34,186,128 in the last quarter. 8.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Apollo Global Management

Large investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in Apollo Global Management during the 3rd quarter worth $503,000. Sfmg LLC raised its holdings in shares of Apollo Global Management by 1.1% in the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock valued at $902,000 after acquiring an additional 79 shares in the last quarter. World Investment Advisors LLC lifted its stake in Apollo Global Management by 1.8% in the third quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider’s stock worth $852,000 after acquiring an additional 119 shares during the period. Sanctuary Advisors LLC grew its holdings in Apollo Global Management by 11.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 110,347 shares of the financial services provider’s stock worth $13,783,000 after acquiring an additional 11,370 shares in the last quarter. Finally, Unigestion Holding SA purchased a new position in Apollo Global Management during the 3rd quarter valued at about $609,000. Hedge funds and other 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.