Apollo Global Management (NYSE:APO) Rating Increased to Hold at UBS Group

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

A number of other equities analysts have also recently issued reports on APO. Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. Evercore ISI raised their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Wolfe Research initiated coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price target on the stock. Finally, BMO Capital Markets lifted their price target on shares of Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $150.83.

Apollo Global Management Price Performance

Shares of NYSE APO traded down $1.37 during mid-day trading on Wednesday, hitting $162.94. 600,180 shares of the stock were exchanged, compared to its average volume of 2,646,318. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $92.80 billion, a P/E ratio of 17.17, a PEG ratio of 1.70 and a beta of 1.59. The stock’s fifty day simple moving average is $136.34 and its two-hundred day simple moving average is $122.15. Apollo Global Management has a twelve month low of $85.84 and a twelve month high of $168.67.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.463 per share. The ex-dividend date is Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.14%. Apollo Global Management’s payout ratio is currently 19.33%.

Institutional Trading of Apollo Global Management

Several hedge funds and other institutional investors have recently modified their holdings of APO. Curated Wealth Partners LLC boosted its holdings in shares of Apollo Global Management by 200.3% during the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after buying an additional 4,717,661 shares during the period. Capital Research Global Investors boosted its holdings in shares of Apollo Global Management by 40.3% during the 1st quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock worth $532,852,000 after buying an additional 1,360,525 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in Apollo Global Management in the 2nd quarter valued at about $62,972,000. 1832 Asset Management L.P. boosted its holdings in Apollo Global Management by 66.0% in the 1st quarter. 1832 Asset Management L.P. now owns 1,257,460 shares of the financial services provider’s stock valued at $141,401,000 after purchasing an additional 499,930 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Apollo Global Management by 74.5% in the 2nd quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider’s stock valued at $112,836,000 after purchasing an additional 408,105 shares during the period. 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.