Keefe, Bruyette & Woods Increases Apollo Global Management (NYSE:APO) Price Target to $196.00

Apollo Global Management (NYSE:APO - Free Report) had its price objective lifted by Keefe, Bruyette & Woods from $168.00 to $196.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has an outperform rating on the financial services provider's stock.

APO has been the subject of a number of other research reports. Citigroup raised their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Piper Sandler raised their target price on Apollo Global Management from $188.00 to $202.00 and gave the stock an "overweight" rating in a research note on Wednesday. Redburn Atlantic initiated coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price target on the stock. Redburn Partners began coverage on Apollo Global Management in a report on Tuesday, August 27th. They set a "buy" rating and a $153.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of "Moderate Buy" and an average price target of $164.63.

Apollo Global Management Price Performance

APO traded up $1.40 during trading on Friday, reaching $171.03. The company's stock had a trading volume of 91,226,359 shares, compared to its average volume of 3,269,086. The company has a market cap of $96.77 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.84 and a beta of 1.63. The firm has a fifty day simple moving average of $160.82 and a two-hundred day simple moving average of $132.49. Apollo Global Management has a 1 year low of $89.76 and a 1 year 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a yield of 1.08%. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management's payout ratio is presently 19.33%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the transaction, the chief financial officer now owns 320,564 shares in the company, valued at $55,332,552.04. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the sale, the insider now directly owns 35,104,773 shares of the company's stock, valued at approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock valued at $34,186,128 in the last quarter. Corporate insiders own 8.50% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Partners Group Holding AG grew its position in shares of Apollo Global Management by 26.5% in the 3rd quarter. Partners Group Holding AG now owns 775,727 shares of the financial services provider's stock valued at $96,896,000 after buying an additional 162,678 shares during the last quarter. Swedbank AB grew its holdings in shares of Apollo Global Management by 50.9% during the third quarter. Swedbank AB now owns 77,938 shares of the financial services provider's stock worth $9,735,000 after purchasing an additional 26,300 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Apollo Global Management by 34.1% during the third quarter. Advisors Asset Management Inc. now owns 19,441 shares of the financial services provider's stock worth $2,428,000 after purchasing an additional 4,941 shares in the last quarter. Swiss National Bank increased its position in Apollo Global Management by 0.4% during the third quarter. Swiss National Bank now owns 1,182,214 shares of the financial services provider's stock worth $147,670,000 after buying an additional 4,600 shares during the period. Finally, Geode Capital Management LLC increased its position in Apollo Global Management by 4.7% during the third quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider's stock worth $713,230,000 after buying an additional 254,268 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

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.