Apollo Global Management (NYSE:APO) Upgraded at UBS Group

UBS Group upgraded shares of Apollo Global Management (NYSE:APO) to a hold rating in a research report released on Wednesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Morgan Stanley boosted their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Wolfe Research initiated coverage on shares of Apollo Global Management in a report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 target price for the company. Finally, Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $124.00 to $123.00 in a report on Tuesday, August 6th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $150.83.

Apollo Global Management Stock Performance

APO stock opened at $163.63 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The business has a 50-day moving average price of $137.45 and a 200 day moving average price of $122.61. The company has a market capitalization of $92.58 billion, a P/E ratio of 17.10, a PEG ratio of 1.70 and a beta of 1.59. Apollo Global Management has a 1-year low of $85.84 and a 1-year high of $168.67.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a $0.463 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.13%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is currently 19.33%.

Institutional Investors Weigh In On Apollo Global Management

A number of large investors have recently bought and sold shares of APO. PGGM Investments purchased a new stake in Apollo Global Management in the 1st quarter worth approximately $840,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Apollo Global Management by 38.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 34,709 shares of the financial services provider’s stock worth $3,903,000 after purchasing an additional 9,708 shares in the last quarter. Mackenzie Financial Corp boosted its position in Apollo Global Management by 4.5% in the 2nd quarter. Mackenzie Financial Corp now owns 178,868 shares of the financial services provider’s stock worth $21,119,000 after purchasing an additional 7,679 shares in the last quarter. Forsta AP Fonden raised its stake in shares of Apollo Global Management by 8.4% during the 3rd quarter. Forsta AP Fonden now owns 143,600 shares of the financial services provider’s stock worth $17,937,000 after buying an additional 11,100 shares during the period. Finally, Ameliora Wealth Management Ltd. raised its stake in shares of Apollo Global Management by 445.8% during the 2nd quarter. Ameliora Wealth Management Ltd. now owns 21,980 shares of the financial services provider’s stock worth $2,595,000 after buying an additional 17,953 shares during the period. 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.