Apollo Global Management (NYSE:APO) Stock Rating Upgraded by UBS Group

UBS Group upgraded shares of Apollo Global Management (NYSE:APO) to a hold rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on APO. Barclays upped their price objective on shares of Apollo Global Management from $148.00 to $174.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Argus reduced their price objective on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. TD Cowen upped their price objective on shares of Apollo Global Management from $165.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Morgan Stanley upped their price objective on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Finally, Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus target price of $150.83.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock traded down $1.37 on Wednesday, reaching $162.94. 600,180 shares of the stock were exchanged, compared to its average volume of 2,646,318. The firm’s 50 day moving average is $136.34 and its 200-day moving average is $122.15. Apollo Global Management has a one year low of $85.84 and a one year high of $168.67. 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 firm has a market cap of $92.80 billion, a PE ratio of 17.17, a P/E/G ratio of 1.70 and a beta of 1.59.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a $0.463 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.14%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is currently 19.33%.

Institutional Trading of Apollo Global Management

Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital Research Global Investors raised its holdings in shares of Apollo Global Management by 40.3% in the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after purchasing an additional 1,360,525 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Apollo Global Management by 3.0% in the second quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock valued at $517,527,000 after purchasing an additional 126,859 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of Apollo Global Management by 3.8% in the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock valued at $318,522,000 after purchasing an additional 97,797 shares during the last quarter. Curated Wealth Partners LLC raised its holdings in shares of Apollo Global Management by 200.3% in the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock valued at $278,945,000 after purchasing an additional 4,717,661 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Apollo Global Management by 27.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock valued at $225,600,000 after purchasing an additional 383,557 shares during the last quarter. Hedge funds and other institutional investors 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.