Apollo Global Management (NYSE:APO) Price Target Raised to $148.00 at Barclays

Apollo Global Management (NYSE:APO - Free Report) had its target price increased by Barclays from $128.00 to $148.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have an overweight rating on the financial services provider's stock.

Several other research analysts have also commented on the company. Evercore ISI boosted their price objective on Apollo Global Management from $127.00 to $150.00 and gave the stock an outperform rating in a report on Wednesday, October 2nd. UBS Group boosted their price target on shares of Apollo Global Management from $116.00 to $123.00 and gave the stock a neutral rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. raised their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an overweight rating in a research report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Apollo Global Management from $129.00 to $124.00 and set a buy rating for the company in a research report on Thursday, August 15th. Finally, The Goldman Sachs Group raised their price target on Apollo Global Management from $128.00 to $135.00 and gave the company a buy rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $135.89.

Apollo Global Management Price Performance

APO traded down $1.12 during trading on Monday, reaching $134.21. 2,276,347 shares of the company were exchanged, compared to its average volume of 2,597,851. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a market cap of $76.25 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 1.30 and a beta of 1.62. Apollo Global Management has a 12-month low of $77.11 and a 12-month high of $136.26. The company's 50-day moving average is $114.83 and its two-hundred day moving average is $114.99.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.67 by ($0.03). The firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. During the same quarter last year, the business posted $1.54 earnings per share. Research analysts forecast that Apollo Global Management will post 6.62 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.4625 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.85 annualized dividend and a yield of 1.38%. Apollo Global Management's payout ratio is currently 20.49%.

Insider Buying and Selling at Apollo Global Management

In related news, Director Pauline Richards acquired 2,351 shares of the stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the transaction, the director now owns 85,854 shares of the company's stock, valued at $9,007,801.68. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.50% of the company's stock.

Institutional Investors Weigh In On Apollo Global Management

A number of large investors have recently modified their holdings of the stock. True Wealth Design LLC purchased a new stake in Apollo Global Management in the fourth quarter worth about $33,000. Cullen Frost Bankers Inc. bought a new stake in shares of Apollo Global Management during the second quarter valued at approximately $35,000. J.Safra Asset Management Corp boosted its position in shares of Apollo Global Management by 709.3% during the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 305 shares in the last quarter. Riverview Trust Co purchased a new stake in Apollo Global Management in the first quarter worth $45,000. Finally, Compass Wealth Management LLC raised its holdings in Apollo Global Management by 48.7% in the first quarter. Compass Wealth Management LLC now owns 446 shares of the financial services provider's stock worth $50,000 after purchasing an additional 146 shares in the last quarter. 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.