Apollo Global Management (NYSE:APO) Given New $178.00 Price Target at The Goldman Sachs Group

Apollo Global Management (NYSE:APO) had its price objective hoisted by The Goldman Sachs Group from $161.00 to $178.00 in a report published on Tuesday,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

APO has been the topic of a number of other reports. Keefe, Bruyette & Woods boosted their target price on shares of Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Barclays boosted their target price 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, November 6th. Evercore ISI boosted their target price 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $155.05.

Apollo Global Management Stock Up 2.4 %

Apollo Global Management stock opened at $168.28 on Tuesday. 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 stock has a market cap of $95.22 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.69 and a beta of 1.59. Apollo Global Management has a fifty-two week low of $86.21 and a fifty-two week high of $169.15. The firm’s 50-day simple moving average is $139.82 and its 200 day simple moving average is $123.50.

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 issued a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is 19.33%.

Hedge Funds Weigh In On Apollo Global Management

A number of hedge funds and other institutional investors have recently bought and sold shares of APO. Cullen Frost Bankers Inc. purchased a new position in Apollo Global Management in the 2nd quarter worth approximately $35,000. Compagnie Lombard Odier SCmA purchased a new position in Apollo Global Management in the 3rd quarter worth approximately $35,000. Massmutual Trust Co. FSB ADV grew its stake in Apollo Global Management by 293.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after buying an additional 346 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in Apollo Global Management in the 3rd quarter worth approximately $80,000. Finally, Mather Group LLC. grew its stake in Apollo Global Management by 826.9% in the 2nd quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock worth $81,000 after buying an additional 645 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.