Apollo Global Management (NYSE:APO) Given New $196.00 Price Target at Keefe, Bruyette & Woods

Apollo Global Management (NYSE:APO) had its target price upped by Keefe, Bruyette & Woods from $168.00 to $196.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Several other equities analysts also recently issued reports on APO. TD Cowen upped their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a report on Monday, December 9th. The Goldman Sachs Group raised their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. 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. Redburn Partners started coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price for the company. Finally, Redburn Atlantic began coverage on Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $164.63.

Apollo Global Management Stock Performance

Shares of APO stock opened at $171.03 on Friday. Apollo Global Management has a 12-month low of $89.76 and a 12-month high of $189.49. The business’s fifty day simple moving average is $160.82 and its 200-day simple moving average is $132.49. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a market cap of $96.77 billion, a PE ratio of 17.87, a PEG ratio of 1.84 and a beta of 1.63.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a $0.463 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.08%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is 19.33%.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the transaction, the chief financial officer now owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now directly owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 196,600 shares of company stock valued at $34,186,128 in the last ninety days. 8.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Apollo Global Management

A number of large investors have recently added to or reduced their stakes in APO. Cullen Frost Bankers Inc. purchased a new stake in shares of Apollo Global Management during the second quarter worth about $35,000. Compagnie Lombard Odier SCmA purchased a new stake in Apollo Global Management during the 3rd quarter worth approximately $35,000. Prospera Private Wealth LLC acquired a new position in shares of Apollo Global Management during the third quarter valued at approximately $80,000. Truvestments Capital LLC purchased a new position in shares of Apollo Global Management in the third quarter valued at approximately $83,000. Finally, Allworth Financial LP boosted its stake in shares of Apollo Global Management by 14.3% in the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 91 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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.