Apollo Global Management (NYSE:APO) Price Target Raised to $174.00 at Barclays

Apollo Global Management (NYSE:APO) had its price target upped by Barclays from $148.00 to $174.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

A number of other equities research analysts also recently issued reports on the company. Morgan Stanley boosted their price target on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped their target price on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Keefe, Bruyette & Woods upped their price target on Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. BMO Capital Markets increased their price objective on shares of Apollo Global Management from $123.00 to $138.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Evercore ISI boosted their target price on shares of Apollo Global Management from $127.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the stock. According to 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

APO opened at $163.67 on Wednesday. Apollo Global Management has a 1 year low of $82.71 and a 1 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. The company’s 50 day simple moving average is $130.21 and its 200 day simple moving average is $120.07. The stock has a market capitalization of $93.21 billion, a PE ratio of 17.45, a P/E/G ratio of 1.55 and a beta of 1.59.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a dividend of $0.463 per share. The ex-dividend date is Monday, November 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.13%. Apollo Global Management’s payout ratio is currently 19.72%.

Institutional Investors Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. bought a new position in Apollo Global Management in the 2nd quarter valued at about $35,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management in the 3rd quarter worth approximately $35,000. J.Safra Asset Management Corp boosted its holdings in shares of Apollo Global Management by 709.3% in 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 in the last quarter. Massmutual Trust Co. FSB ADV increased 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 period. Finally, Orion Capital Management LLC raised its holdings in 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 worth $67,000 after purchasing an additional 100 shares in the last quarter. 77.06% of the stock is currently owned by 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.