UBS Group Raises Apollo Global Management (NYSE:APO) Price Target to $150.00

Apollo Global Management (NYSE:APO) had its price target hoisted by UBS Group from $117.00 to $150.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley boosted their price target on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Barclays boosted their target price on Apollo Global Management from $128.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Wolfe Research began coverage on Apollo Global Management in a research note on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price target for the company. TD Cowen boosted their price target on Apollo Global Management from $135.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average target price of $139.56.

Apollo Global Management Stock Up 1.9 %

NYSE:APO opened at $146.27 on Tuesday. The business’s fifty day moving average price is $123.89 and its 200 day moving average price is $117.75. The firm has a market capitalization of $83.10 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.39 and a beta of 1.62. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. Apollo Global Management has a 1-year low of $77.11 and a 1-year high of $146.82.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The company had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $873.18 million. During the same period last year, the company earned $1.54 earnings per share. On average, sell-side analysts forecast that Apollo Global Management will post 6.66 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $0.4625 per share. The ex-dividend date was Friday, August 16th. This represents a $1.85 annualized dividend and a yield of 1.26%. Apollo Global Management’s payout ratio is 20.49%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards acquired 2,351 shares of Apollo Global Management stock in a transaction dated Tuesday, August 6th. The stock was bought at an average cost of $104.92 per share, with a total value of $246,666.92. Following the completion of the transaction, the director now owns 85,854 shares of the company’s stock, valued at $9,007,801.68. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.50% of the company’s stock.

Institutional Trading of Apollo Global Management

Hedge funds have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. acquired a new position in shares of Apollo Global Management during the second quarter valued at about $35,000. Compagnie Lombard Odier SCmA bought a new position in Apollo Global Management during the third quarter valued at about $35,000. J.Safra Asset Management Corp raised its holdings in Apollo Global Management by 709.3% in the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 305 shares in the last quarter. Riverview Trust Co bought a new stake in shares of Apollo Global Management in the 1st quarter worth approximately $45,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of Apollo Global Management by 293.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 346 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

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.