Apollo Global Management (NYSE:APO) Price Target Raised to $168.00

Apollo Global Management (NYSE:APO - Free Report) had its price target hoisted by Barclays from $156.00 to $168.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider's stock.

Several other equities analysts have also commented on the stock. Citigroup lowered their price target on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Piper Sandler decreased their price objective 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. Bank of America increased their price objective on Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 4th. Cowen reiterated a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. Finally, TD Cowen decreased their target price on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $160.32.

Apollo Global Management Stock Performance

Shares of NYSE:APO traded up $1.65 during trading on Thursday, hitting $148.30. 3,078,742 shares of the company traded hands, compared to its average volume of 3,947,226. The stock has a market capitalization of $84.75 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 1.52 and a beta of 1.59. The business's fifty day moving average is $136.78 and its 200-day moving average is $144.25. Apollo Global Management has a one year low of $95.11 and a one year 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.

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

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, May 16th. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.38%. Apollo Global Management's dividend payout ratio (DPR) is currently 35.73%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total value of $530,280.00. Following the completion of the transaction, the chief financial officer directly owned 373,164 shares in the company, valued at $49,470,351.48. This trade represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 8.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter worth $25,000. GW&K Investment Management LLC boosted its position in shares of Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider's stock worth $26,000 after buying an additional 87 shares during the period. ORG Partners LLC boosted its position in shares of Apollo Global Management by 285.0% in the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock worth $32,000 after buying an additional 171 shares during the period. Hopwood Financial Services Inc. acquired a new stake in shares of Apollo Global Management in the fourth quarter worth $33,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in shares of Apollo Global Management in the first quarter worth $39,000. 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.