Apollo Global Management (NYSE:APO) Price Target Lowered to $194.00 at Keefe, Bruyette & Woods

Apollo Global Management (NYSE:APO) had its price objective trimmed by Keefe, Bruyette & Woods from $196.00 to $194.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

A number of other research firms also recently issued reports on APO. TD Cowen increased their price target on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Citigroup raised their target price on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Wells Fargo & Company reduced their price target on shares of Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. BMO Capital Markets increased their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, Barclays boosted their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.00.

Apollo Global Management Stock Up 2.0 %

Shares of NYSE:APO opened at $165.84 on Wednesday. The business’s 50 day moving average is $169.55 and its 200 day moving average is $144.25. The stock has a market cap of $93.84 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 1.37 and a beta of 1.63. 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 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 1.12%. The ex-dividend date is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is presently 25.31%.

Insider Buying and Selling at Apollo Global Management

In related news, insider Leon D. Black sold 133,400 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the transaction, the insider now directly owns 35,471,373 shares of the company’s stock, valued at $6,177,694,321.68. This represents a 0.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the transaction, the chief financial officer now owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Apollo Global Management

Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Apollo Global Management by 42.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,640,758 shares of the financial services provider’s stock valued at $436,148,000 after acquiring an additional 782,700 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in Apollo Global Management by 15,187.7% in the fourth quarter. Proficio Capital Partners LLC now owns 639,027 shares of the financial services provider’s stock valued at $105,542,000 after acquiring an additional 634,847 shares during the period. Principal Financial Group Inc. boosted its position in Apollo Global Management by 813.6% in the 4th quarter. Principal Financial Group Inc. now owns 542,780 shares of the financial services provider’s stock worth $89,646,000 after purchasing an additional 483,369 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Apollo Global Management by 27.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock worth $225,600,000 after purchasing an additional 383,557 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Apollo Global Management by 12,086.7% during the 3rd quarter. International Assets Investment Management LLC now owns 370,233 shares of the financial services provider’s stock valued at $462,460,000 after purchasing an additional 367,195 shares in 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.