TD Cowen Boosts Apollo Global Management (NYSE:APO) Price Target to $162.00

Apollo Global Management (NYSE:APO) had its price objective increased by TD Cowen from $135.00 to $162.00 in a research report released on Wednesday, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

APO has been the topic of several other reports. Argus decreased their price target 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. Barclays decreased their price target on Apollo Global Management from $131.00 to $128.00 and set an overweight rating on the stock in a research report on Friday, August 2nd. Bank of America upgraded 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 report on Tuesday, August 6th. Keefe, Bruyette & Woods upped their price target on Apollo Global Management from $134.00 to $141.00 and gave the company an outperform rating in a research report on Friday, July 12th. Finally, Evercore ISI upped their price target on Apollo Global Management from $127.00 to $150.00 and gave the company an outperform rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $134.78.

Apollo Global Management Trading Up 3.0 %

Shares of Apollo Global Management stock opened at $135.32 on Wednesday. Apollo Global Management has a 52-week low of $77.11 and a 52-week high of $136.26. The stock’s 50-day simple moving average is $114.56 and its 200 day simple moving average is $114.77. The stock has a market capitalization of $76.88 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.30 and a beta of 1.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. The firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $873.18 million. During the same quarter in the prior year, the firm posted $1.54 earnings per share. As a group, research analysts anticipate that Apollo Global Management will post 6.62 EPS for the current year.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.4625 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.85 annualized dividend and a yield of 1.37%. Apollo Global Management’s payout ratio is currently 20.49%.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards bought 2,351 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the acquisition, the director now directly owns 85,854 shares in the company, valued at $9,007,801.68. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Apollo Global Management

A number of hedge funds and other institutional investors have recently made changes to their positions in APO. US Bancorp DE raised its holdings in shares of Apollo Global Management by 24.2% during the fourth quarter. US Bancorp DE now owns 8,263 shares of the financial services provider’s stock valued at $770,000 after acquiring an additional 1,608 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in Apollo Global Management by 206.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 8,075 shares of the financial services provider’s stock worth $778,000 after purchasing an additional 5,438 shares in the last quarter. Bank of Nova Scotia raised its holdings in Apollo Global Management by 237.1% in the fourth quarter. Bank of Nova Scotia now owns 14,831 shares of the financial services provider’s stock worth $1,382,000 after purchasing an additional 10,431 shares in the last quarter. KBC Group NV raised its holdings in Apollo Global Management by 226.6% in the fourth quarter. KBC Group NV now owns 97,524 shares of the financial services provider’s stock worth $9,089,000 after purchasing an additional 67,666 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in Apollo Global Management by 2.8% in the fourth quarter. CWA Asset Management Group LLC now owns 3,399 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 94 shares in the last quarter. 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.