Apollo Global Management (NYSE:APO) Price Target Raised to $170.00

Apollo Global Management (NYSE:APO - Free Report) had its price target hoisted by Citigroup from $160.00 to $170.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the financial services provider's stock.

Several other equities research analysts have also recently weighed in on the company. Cowen reiterated a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. Piper Sandler lowered their target price on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Wells Fargo & Company upped their target price on Apollo Global Management from $158.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. TD Cowen lowered their target price on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Raymond James Financial initiated coverage on Apollo Global Management in a report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $161.00.

Apollo Global Management Trading Down 0.7%

APO traded down $1.00 during trading hours on Thursday, reaching $147.21. 1,474,527 shares of the company's stock traded hands, compared to its average volume of 3,955,975. The firm has a 50-day moving average price of $137.02 and a 200 day moving average price of $143.85. Apollo Global Management has a 52-week low of $95.11 and a 52-week high of $189.49. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $84.13 billion, a PE ratio of 25.78, a PEG ratio of 1.61 and a beta of 1.59.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). Apollo Global Management had a net margin of 14.59% and a return on equity of 13.45%. The business had revenue of $5.55 billion for the quarter, compared to analysts' expectations of $977.14 million. During the same quarter in the previous year, the firm earned $1.72 EPS. Apollo Global Management's revenue was down 21.2% compared to the same quarter last year. As a group, sell-side analysts predict that Apollo Global Management will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.39%. The ex-dividend date was Friday, May 16th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's payout ratio is presently 35.73%.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total transaction of $530,280.00. Following the sale, the chief financial officer owned 373,164 shares in the company, valued at approximately $49,470,351.48. The trade was a 1.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.20% of the company's stock.

Institutional Trading of Apollo Global Management

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of Apollo Global Management by 16.8% in the second quarter. Farther Finance Advisors LLC now owns 2,382 shares of the financial services provider's stock worth $338,000 after buying an additional 342 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Apollo Global Management by 7,489.1% in the second quarter. UMB Bank n.a. now owns 68,530 shares of the financial services provider's stock worth $9,722,000 after buying an additional 67,627 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Apollo Global Management by 299.1% in the second quarter. Assenagon Asset Management S.A. now owns 60,840 shares of the financial services provider's stock worth $8,631,000 after buying an additional 45,596 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Apollo Global Management by 16.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 121,079 shares of the financial services provider's stock worth $17,176,000 after buying an additional 17,200 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in shares of Apollo Global Management by 4.5% in the second quarter. IFM Investors Pty Ltd now owns 80,266 shares of the financial services provider's stock worth $11,387,000 after buying an additional 3,434 shares during the last quarter. Hedge funds and other 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.