Apollo Global Management (NYSE:APO) Given New $157.00 Price Target at BMO Capital Markets

Apollo Global Management (NYSE:APO) had its price target increased by BMO Capital Markets from $138.00 to $157.00 in a report released on Wednesday,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other analysts have also weighed in on the company. Wells Fargo & Company upped 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. Bank of America upgraded Apollo Global Management from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $124.00 to $123.00 in a report on Tuesday, August 6th. UBS Group increased their price objective on Apollo Global Management from $117.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Barclays increased their price objective on Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $150.83.

Apollo Global Management Trading Up 1.4 %

APO opened at $162.00 on Wednesday. The stock has a market cap of $92.26 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 1.80 and a beta of 1.59. The stock’s 50 day moving average price is $132.07 and its 200-day moving average price is $120.75. Apollo Global Management has a one year low of $83.88 and a one year high of $166.72. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a $0.463 dividend. The ex-dividend date 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 dividend on an annualized basis and a yield of 1.14%. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of APO. Empowered Funds LLC lifted its stake in Apollo Global Management by 193.3% in the 1st quarter. Empowered Funds LLC now owns 51,181 shares of the financial services provider’s stock worth $5,755,000 after purchasing an additional 33,731 shares in the last quarter. PGGM Investments purchased a new stake in shares of Apollo Global Management during the 1st quarter valued at approximately $840,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Apollo Global Management by 38.8% during 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 raised its position in shares of Apollo Global Management by 4.5% during the 2nd quarter. Mackenzie Financial Corp now owns 178,868 shares of the financial services provider’s stock valued at $21,119,000 after buying an additional 7,679 shares during the period. Finally, Forsta AP Fonden raised its position 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. 77.06% of the stock is owned by hedge funds and other 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.