Apollo Global Management (NYSE:APO) PT Raised to $122.00

Apollo Global Management (NYSE:APOFree Report) had its target price boosted by Barclays from $118.00 to $122.00 in a research note issued to investors on Monday morning, Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.

Several other research firms also recently commented on APO. Wells Fargo & Company increased their target price on Apollo Global Management from $110.00 to $118.00 and gave the company an overweight rating in a research report on Friday. Morgan Stanley raised their price objective on Apollo Global Management from $94.00 to $99.00 and gave the stock an equal weight rating in a research report on Wednesday, January 24th. BMO Capital Markets lowered their price objective on Apollo Global Management from $103.00 to $98.00 and set an outperform rating for the company in a research report on Friday, November 3rd. Finally, TD Cowen began coverage on Apollo Global Management in a research report on Thursday, January 4th. They set an outperform rating and a $115.00 price objective for the company. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $102.27.

View Our Latest Analysis on Apollo Global Management

Apollo Global Management Price Performance

Apollo Global Management stock opened at $108.88 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $61.79 billion, a PE ratio of 12.95, a P/E/G ratio of 0.78 and a beta of 1.63. Apollo Global Management has a 12 month low of $55.16 and a 12 month high of $111.72. The stock has a 50-day moving average price of $96.48 and a two-hundred day moving average price of $89.89.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 29th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.72 annualized dividend and a yield of 1.58%. Apollo Global Management’s dividend payout ratio is currently 20.45%.

Insider Buying and Selling

In related news, insider James C. Zelter sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $90.85, for a total transaction of $6,359,500.00. Following the completion of the sale, the insider now owns 1,130,000 shares of the company’s stock, valued at $102,660,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Apollo Global Management news, insider James C. Zelter sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $90.85, for a total value of $6,359,500.00. Following the completion of the sale, the insider now owns 1,130,000 shares of the company’s stock, valued at $102,660,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James C. Zelter sold 87,500 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $86.16, for a total value of $7,539,000.00. Following the completion of the sale, the insider now directly owns 5,094,585 shares of the company’s stock, valued at approximately $438,949,443.60. The disclosure for this sale can be found here. 8.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Apollo Global Management

Hedge funds have recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC acquired a new stake in Apollo Global Management in the fourth quarter valued at approximately $31,000. DSM Capital Partners LLC purchased a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $31,000. CVA Family Office LLC purchased a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $34,000. Blue Trust Inc. boosted its position in shares of Apollo Global Management by 151.4% during the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after buying an additional 221 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. purchased a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 60.86% of the company’s stock.

About Apollo Global Management

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Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

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