Apollo Global Management (NYSE:APO) Price Target Raised to $168.00 at Keefe, Bruyette & Woods

Apollo Global Management (NYSE:APO) had its price objective increased by Keefe, Bruyette & Woods from $159.00 to $168.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Several other research analysts also recently issued reports on APO. The Goldman Sachs Group lifted their price target on Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Evercore ISI upped their price target on shares of Apollo Global Management from $127.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Redburn Atlantic initiated coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. BMO Capital Markets lifted their price objective on Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Barclays upped their target price on Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $150.83.

Apollo Global Management Stock Performance

NYSE APO opened at $162.00 on Wednesday. The business has a 50 day moving average price of $132.07 and a 200 day moving average price of $120.75. The company has a market capitalization of $92.26 billion, a P/E ratio of 16.93, a PEG ratio of 1.80 and a beta of 1.59. Apollo Global Management has a 1-year low of $83.88 and a 1-year high of $166.72. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.463 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Monday, November 18th. Apollo Global Management’s dividend payout ratio is presently 19.33%.

Institutional Investors Weigh In On Apollo Global Management

A number of institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC boosted its holdings in shares of 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 valued at $5,755,000 after purchasing an additional 33,731 shares during the last quarter. PGGM Investments purchased a new position in shares of Apollo Global Management in the 1st quarter worth $840,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Apollo Global Management by 38.8% in the first 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 acquiring an additional 9,708 shares during the last quarter. Mackenzie Financial Corp grew its position in Apollo Global Management by 4.5% during the second quarter. Mackenzie Financial Corp now owns 178,868 shares of the financial services provider’s stock valued at $21,119,000 after acquiring an additional 7,679 shares during the period. Finally, Forsta AP Fonden increased its stake in Apollo Global Management by 8.4% during the third quarter. Forsta AP Fonden now owns 143,600 shares of the financial services provider’s stock worth $17,937,000 after acquiring an additional 11,100 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other 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.