Apollo Global Management (NYSE:APO) Price Target Raised to $148.00

Apollo Global Management (NYSE:APO) had its price target increased by Wells Fargo & Company from $132.00 to $148.00 in a report released on Wednesday, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

APO has been the subject of several other reports. Wolfe Research initiated coverage on shares of Apollo Global Management in a research note on Wednesday, September 25th. They issued an outperform rating and a $139.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Apollo Global Management from $129.00 to $124.00 and set a buy rating for the company in a research report on Thursday, August 15th. Argus cut their price target on Apollo Global Management from $135.00 to $125.00 and set a buy rating on the stock in a report on Tuesday, August 20th. Bank of America raised Apollo Global Management from a neutral rating to a buy rating and reduced their price objective for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. Finally, StockNews.com lowered Apollo Global Management from a hold rating to a sell rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management has an average rating of Moderate Buy and a consensus price target of $134.78.

Apollo Global Management Trading Up 3.0 %

NYSE APO opened at $135.33 on Wednesday. Apollo Global Management has a one year low of $77.11 and a one year high of $136.26. 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 business has a 50 day simple moving average of $114.83 and a 200 day simple moving average of $114.95. The stock has a market capitalization of $76.89 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.30 and a beta of 1.62.

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

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.49%.

Insiders Place Their Bets

In other news, Director Pauline Richards bought 2,351 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average price of $104.92 per share, with a total value of $246,666.92. Following the transaction, the director now directly owns 85,854 shares in the company, valued at $9,007,801.68. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Apollo Global Management

Large investors have recently made changes to their positions in the business. CWA Asset Management Group LLC grew its position in Apollo Global Management by 2.8% during the fourth quarter. CWA Asset Management Group LLC now owns 3,399 shares of the financial services provider’s stock valued at $317,000 after buying an additional 94 shares during the period. FineMark National Bank & Trust boosted its stake in Apollo Global Management by 2.4% in the second quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock valued at $486,000 after acquiring an additional 98 shares during the last quarter. Orion Capital Management LLC grew its position in shares of Apollo Global Management by 20.0% during the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 100 shares during the period. Valley National Advisers Inc. grew its position in shares of Apollo Global Management by 0.9% during the 1st quarter. Valley National Advisers Inc. now owns 11,519 shares of the financial services provider’s stock valued at $1,295,000 after acquiring an additional 104 shares during the period. Finally, Kintegral Advisory LLC increased its stake in shares of Apollo Global Management by 2.4% during the 2nd quarter. Kintegral Advisory LLC now owns 4,728 shares of the financial services provider’s stock worth $558,000 after purchasing an additional 109 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

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.