Recent Analysts’ Ratings Changes for Apollo Global Management (APO)

Posted by Alanna Baker on Nov 14th, 2024

A number of firms have modified their ratings and price targets on shares of Apollo Global Management (NYSE: APO) recently:

11/12/2024 – Apollo Global Management was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
11/6/2024 – Apollo Global Management had its price target raised by analysts at Wells Fargo & Company from $149.00 to $164.00. They now have an “overweight” rating on the stock.
11/6/2024 – Apollo Global Management had its price target raised by analysts at Barclays PLC from $148.00 to $174.00. They now have an “overweight” rating on the stock.
11/6/2024 – Apollo Global Management had its price target raised by analysts at Evercore ISI from $150.00 to $174.00. They now have an “outperform” rating on the stock.
11/6/2024 – Apollo Global Management had its price target raised by analysts at Keefe, Bruyette & Woods from $159.00 to $168.00. They now have an “outperform” rating on the stock.
11/6/2024 – Apollo Global Management had its price target raised by analysts at BMO Capital Markets from $138.00 to $157.00. They now have an “outperform” rating on the stock.
11/6/2024 – Apollo Global Management had its price target raised by analysts at Citigroup Inc. from $162.00 to $170.00. They now have a “buy” rating on the stock.
11/6/2024 – Apollo Global Management had its price target raised by analysts at TD Cowen from $165.00 to $178.00. They now have a “buy” rating on the stock.
11/6/2024 – Apollo Global Management had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $141.00 to $155.00. They now have a “buy” rating on the stock.
10/22/2024 – Apollo Global Management had its price target raised by analysts at UBS Group AG from $117.00 to $150.00. They now have a “neutral” rating on the stock.
10/10/2024 – Apollo Global Management had its price target raised by analysts at Morgan Stanley from $111.00 to $137.00. They now have an “equal weight” rating on the stock.
10/9/2024 – Apollo Global Management had its price target raised by analysts at Wells Fargo & Company from $148.00 to $149.00. They now have an “overweight” rating on the stock.
10/7/2024 – Apollo Global Management had its price target raised by analysts at Barclays PLC from $128.00 to $148.00. They now have an “overweight” rating on the stock.
10/3/2024 – Apollo Global Management had its price target raised by analysts at The Goldman Sachs Group, Inc. from $128.00 to $135.00. They now have a “buy” rating on the stock.
10/2/2024 – Apollo Global Management had its price target raised by analysts at JPMorgan Chase & Co. from $129.00 to $143.00. They now have an “overweight” rating on the stock.
10/2/2024 – Apollo Global Management had its price target raised by analysts at Wells Fargo & Company from $132.00 to $148.00. They now have an “overweight” rating on the stock.
10/2/2024 – Apollo Global Management had its price target raised by analysts at BMO Capital Markets from $123.00 to $138.00. They now have an “outperform” rating on the stock.
10/2/2024 – Apollo Global Management had its price target raised by analysts at Evercore ISI from $127.00 to $150.00. They now have an “outperform” rating on the stock.
10/2/2024 – Apollo Global Management had its price target raised by analysts at TD Cowen from $135.00 to $162.00. They now have a “buy” rating on the stock.
9/25/2024 – Apollo Global Management is now covered by analysts at Wolfe Research. They set an “outperform” rating and a $139.00 price target on the stock.

Apollo Global Management Trading Up 0.4 %

Shares of Apollo Global Management stock opened at $164.38 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The stock’s 50 day simple moving average is $135.23 and its 200-day simple moving average is $121.85. The stock has a market cap of $93.62 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.70 and a beta of 1.59. Apollo Global Management, Inc. has a 1-year low of $85.84 and a 1-year 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. Investors 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 dividend on an annualized basis and a dividend yield of 1.13%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is currently 19.33%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management in the third quarter valued at $35,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Apollo Global Management in the 2nd quarter valued at approximately $35,000. J.Safra Asset Management Corp raised its stake in 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 buying an additional 305 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Apollo Global Management by 293.2% during the 2nd 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 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 hedge funds and other institutional investors.

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.