Apollo Global Management (NYSE:APO) Given New $155.00 Price Target at Deutsche Bank Aktiengesellschaft

Apollo Global Management (NYSE:APO) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $141.00 to $155.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other analysts have also issued reports on APO. Barclays lifted their price objective on shares of Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a research note on Wednesday. Keefe, Bruyette & Woods increased their price target on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. boosted their price objective on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Finally, Bank of America raised Apollo Global Management from a “neutral” rating to a “buy” rating and dropped their price target for the company from $124.00 to $123.00 in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.83.

Apollo Global Management Stock Up 9.6 %

Shares of NYSE APO opened at $163.67 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. Apollo Global Management has a 52-week low of $82.71 and a 52-week high of $166.72. The stock has a market capitalization of $93.21 billion, a PE ratio of 17.45, a P/E/G ratio of 1.55 and a beta of 1.59. The firm has a fifty day moving average of $130.21 and a 200-day moving average of $120.07.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a $0.463 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.13%. Apollo Global Management’s dividend payout ratio is presently 19.72%.

Institutional Investors Weigh In On Apollo Global Management

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Compagnie Lombard Odier SCmA acquired a new position in Apollo Global Management during the 3rd quarter valued at about $35,000. Cullen Frost Bankers Inc. acquired a new position in shares of Apollo Global Management during the second quarter valued at approximately $35,000. J.Safra Asset Management Corp raised its holdings in Apollo Global Management by 709.3% during the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 305 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Apollo Global Management by 293.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 346 shares during the period. Finally, Orion Capital Management LLC boosted its stake in 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 purchasing an additional 100 shares in the last quarter. 77.06% of the stock is currently owned by 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.