StockNews.com Upgrades Apollo Global Management (NYSE:APO) to “Hold”

StockNews.com upgraded shares of Apollo Global Management (NYSE:APO) from a sell rating to a hold rating in a research note published on Tuesday.

Several other analysts also recently commented on the stock. Wolfe Research assumed coverage on shares of Apollo Global Management in a report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 target price for the company. BMO Capital Markets boosted their price objective on shares of Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and cut their price objective for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. Morgan Stanley boosted 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 report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Apollo Global Management from $159.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.83.

Apollo Global Management Stock Performance

Shares of APO stock opened at $163.72 on Tuesday. The company has a market capitalization of $93.24 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.69 and a beta of 1.59. 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 has a 50-day simple moving average of $134.14 and a 200 day simple moving average of $121.55. Apollo Global Management has a 52 week low of $84.23 and a 52 week high of $168.67.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a $0.463 dividend. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, November 18th. Apollo Global Management’s dividend payout ratio is currently 19.33%.

Institutional Investors Weigh In On Apollo Global Management

Institutional investors have recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in shares of Apollo Global Management in the 2nd quarter valued at $35,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Apollo Global Management in the 3rd quarter valued at $35,000. J.Safra Asset Management Corp boosted its stake in shares of Apollo Global Management by 709.3% in the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 305 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in 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 worth $55,000 after acquiring an additional 346 shares in the last quarter. Finally, Orion Capital Management LLC boosted its stake 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 acquiring an additional 100 shares in the last quarter. 77.06% of the stock is 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.