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 report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Other analysts have also recently issued reports about the company. Wolfe Research started coverage on Apollo Global Management in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price target on the stock. Bank of America raised Apollo Global Management from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $124.00 to $123.00 in a research report on Tuesday, August 6th. Redburn Atlantic started coverage on Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. UBS Group boosted their price target on Apollo Global Management from $117.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their price target on Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.83.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $162.04 on Wednesday. The stock’s 50 day simple moving average is $132.07 and its two-hundred day simple moving average is $120.70. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $92.29 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.53 and a beta of 1.59. Apollo Global Management has a fifty-two week low of $83.88 and a fifty-two week high of $166.72.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders 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 dividend on an annualized basis and a yield of 1.14%. Apollo Global Management’s payout ratio is currently 19.33%.

Institutional Investors Weigh In On Apollo Global Management

Hedge funds have recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA purchased a new stake in Apollo Global Management during the 3rd quarter valued at $35,000. Cullen Frost Bankers Inc. purchased a new stake in Apollo Global Management during the 2nd quarter valued at $35,000. J.Safra Asset Management Corp increased its stake in shares of Apollo Global Management by 709.3% in the 1st 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 increased its stake in shares of 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 purchasing an additional 346 shares in the last quarter. Finally, Orion Capital Management LLC increased its stake in shares of Apollo Global Management by 20.0% in the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 100 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other 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.