Apollo Global Management (NYSE:APO) Price Target Increased to $133.00 by Analysts at Barclays

Apollo Global Management (NYSE:APO - Free Report) had its price objective boosted by Barclays from $122.00 to $133.00 in a research note issued to investors on Monday morning, Benzinga reports. Barclays currently has an overweight rating on the financial services provider's stock.

APO has been the subject of a number of other reports. TD Cowen assumed coverage on Apollo Global Management in a report on Thursday, January 4th. They issued an outperform rating and a $115.00 price target for the company. Keefe, Bruyette & Woods raised their price target on Apollo Global Management from $122.00 to $131.00 and gave the stock an outperform rating in a report on Thursday, March 7th. BMO Capital Markets raised their price target on Apollo Global Management from $111.00 to $122.00 and gave the stock an outperform rating in a report on Friday. Wells Fargo & Company raised their price target on Apollo Global Management from $110.00 to $118.00 and gave the stock an overweight rating in a report on Friday, February 9th. Finally, Morgan Stanley lifted their price objective on Apollo Global Management from $94.00 to $99.00 and gave the company an equal weight rating in a research note on Wednesday, January 24th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $110.62.

Apollo Global Management Stock Performance

NYSE:APO traded up $1.41 during trading hours on Monday, reaching $116.09. The stock had a trading volume of 1,683,589 shares, compared to its average volume of 2,405,692. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a 50 day simple moving average of $110.16 and a 200 day simple moving average of $97.30. Apollo Global Management has a 12-month low of $57.50 and a 12-month high of $116.55. The stock has a market cap of $65.95 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 0.97 and a beta of 1.63.

Apollo Global Management (NYSE:APO - Get Free Report) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.11. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. The business had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. On average, research analysts forecast that Apollo Global Management will post 7.48 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were issued a $0.43 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.72 annualized dividend and a dividend yield of 1.48%. Apollo Global Management's dividend payout ratio is currently 20.45%.

Insider Transactions at Apollo Global Management

In other news, insider James C. Zelter sold 150,000 shares of Apollo Global Management stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $109.16, for a total value of $16,374,000.00. Following the transaction, the insider now owns 1,454,588 shares in the company, valued at $158,782,826.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider James C. Zelter sold 150,000 shares of the business's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the transaction, the insider now owns 1,454,588 shares in the company, valued at approximately $158,782,826.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 14,000 shares of the business's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the transaction, the chief financial officer now owns 366,572 shares in the company, valued at approximately $39,989,339.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,426,000 shares of company stock worth $158,226,960. Company insiders own 8.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Sugarloaf Wealth Management LLC purchased a new position in shares of Apollo Global Management during the 4th quarter worth approximately $31,000. DSM Capital Partners LLC purchased a new position in shares of Apollo Global Management during the 4th quarter worth approximately $31,000. True Wealth Design LLC purchased a new position in shares of Apollo Global Management during the 4th quarter worth approximately $33,000. CVA Family Office LLC purchased a new position in shares of Apollo Global Management during the 4th quarter worth approximately $34,000. Finally, Blue Trust Inc. grew its holdings in shares of Apollo Global Management by 151.4% during the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider's stock worth $33,000 after acquiring an additional 221 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.