Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Apollo Global Management (NYSE:APO) Stock Price

Apollo Global Management (NYSE:APO) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $141.00 to $155.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Several other research analysts also recently issued reports on the stock. Barclays upped their price target on shares of Apollo Global Management from $148.00 to $174.00 and gave the stock an “overweight” rating in a report on Wednesday. The Goldman Sachs Group boosted their target price on shares of Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Bank of America raised Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their price target for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. JPMorgan Chase & Co. lifted their target price on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, TD Cowen lifted their target price on Apollo Global Management from $135.00 to $162.00 and gave the stock a “buy” rating in a 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $150.83.

Apollo Global Management Price Performance

APO stock 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 company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The company has a 50 day simple moving average of $132.07 and a 200 day simple moving average of $120.75. Apollo Global Management has a 1 year low of $83.88 and a 1 year high of $166.72.

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 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%.

Hedge Funds Weigh In On Apollo Global Management

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Moors & Cabot Inc. increased its stake in shares of Apollo Global Management by 8.1% during the 3rd quarter. Moors & Cabot Inc. now owns 14,508 shares of the financial services provider’s stock worth $1,812,000 after purchasing an additional 1,087 shares during the last quarter. Bellwether Advisors LLC purchased a new position in shares of Apollo Global Management in the third quarter valued at $3,585,000. Advisors Asset Management Inc. lifted its holdings in Apollo Global Management by 34.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 19,441 shares of the financial services provider’s stock worth $2,428,000 after purchasing an additional 4,941 shares in the last quarter. Hilton Capital Management LLC lifted its holdings in Apollo Global Management by 2.1% during the 3rd quarter. Hilton Capital Management LLC now owns 82,515 shares of the financial services provider’s stock worth $10,307,000 after purchasing an additional 1,711 shares in the last quarter. Finally, Commerce Bank boosted its stake in Apollo Global Management by 2.9% in the 3rd quarter. Commerce Bank now owns 100,104 shares of the financial services provider’s stock worth $12,504,000 after purchasing an additional 2,784 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

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.