Apollo Global Management (NYSE:APO) Upgraded at StockNews.com

StockNews.com upgraded shares of Apollo Global Management (NYSE:APO) from a sell rating to a hold rating in a research report report published on Tuesday morning.

A number of other research firms also recently weighed in on APO. Argus decreased their target price on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Citigroup lifted their target price on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted their target price on Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. UBS Group lifted their target price on Apollo Global Management from $117.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets lifted their price objective on Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and an average price target of $150.83.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock traded down $1.03 during trading on Tuesday, reaching $163.28. The company’s stock had a trading volume of 65,485 shares, compared to its average volume of 2,643,909. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The business’s fifty day moving average price is $136.34 and its 200-day moving average price is $122.15. The firm has a market cap of $92.99 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.70 and a beta of 1.59. Apollo Global Management has a one year low of $85.84 and a one year high of $168.67.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a $0.463 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.13%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

Institutional Trading of Apollo Global Management

Hedge funds have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. bought a new position in shares of Apollo Global Management during the second quarter valued at $35,000. Compagnie Lombard Odier SCmA bought a new position in shares of Apollo Global Management during the third quarter valued at $35,000. J.Safra Asset Management Corp raised its stake in shares of Apollo Global Management by 709.3% during the first 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 during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Apollo Global Management by 293.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 346 shares during the last quarter. Finally, Orion Capital Management LLC raised its stake in shares of Apollo Global Management by 20.0% during the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds 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.