Deutsche Bank Aktiengesellschaft Lowers Apollo Global Management (NYSE:APO) Price Target to $124.00

Apollo Global Management (NYSE:APO - Free Report) had its price target reduced by Deutsche Bank Aktiengesellschaft from $129.00 to $124.00 in a research note released on Thursday, Benzinga reports. They currently have a buy rating on the financial services provider's stock.

Other research analysts have also recently issued research reports about the stock. UBS Group lifted their price objective on shares of Apollo Global Management from $116.00 to $123.00 and gave the company a neutral rating in a report on Wednesday, July 10th. Keefe, Bruyette & Woods lifted their price target on Apollo Global Management from $134.00 to $141.00 and gave the company an outperform rating in a research note on Friday, July 12th. JPMorgan Chase & Co. increased their price target on Apollo Global Management from $122.00 to $123.00 and gave the stock an overweight rating in a research report on Wednesday, April 24th. Jefferies Financial Group cut their price objective on Apollo Global Management from $119.00 to $117.00 and set a hold rating for the company in a research report on Thursday, May 9th. Finally, Bank of America upgraded Apollo Global Management from a neutral rating to a buy rating and decreased their target price for the company from $124.00 to $123.00 in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Apollo Global Management currently has a consensus rating of Moderate Buy and a consensus price target of $124.62.

Apollo Global Management Stock Performance

Shares of NYSE:APO traded up $4.81 during trading on Thursday, hitting $110.79. The stock had a trading volume of 3,826,871 shares, compared to its average volume of 2,540,479. The stock has a 50-day simple moving average of $116.35 and a two-hundred day simple moving average of $112.88. The stock has a market capitalization of $62.95 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 0.95 and a beta of 1.59. Apollo Global Management has a 12-month low of $77.11 and a 12-month high of $126.45. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.37.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.03). The company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. Apollo Global Management had a return on equity of 17.97% and a net margin of 21.90%. During the same period last year, the business earned $1.54 earnings per share. On average, equities research analysts expect that Apollo Global Management will post 7.09 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, August 16th. Apollo Global Management's dividend payout ratio is currently 20.49%.

Insider Buying and Selling

In other Apollo Global Management news, Director Pauline Richards acquired 2,351 shares of the business's stock in a transaction on Tuesday, August 6th. The stock was bought at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the acquisition, the director now owns 85,854 shares in the company, valued at $9,007,801.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.50% of the stock is currently owned by company insiders.

Institutional Trading of Apollo Global Management

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new stake in shares of Apollo Global Management in the 4th quarter valued at approximately $247,000. Perigon Wealth Management LLC increased its stake in Apollo Global Management by 4.1% during the fourth quarter. Perigon Wealth Management LLC now owns 2,727 shares of the financial services provider's stock worth $254,000 after acquiring an additional 107 shares during the last quarter. Vontobel Holding Ltd. raised its position in Apollo Global Management by 6.5% in the fourth quarter. Vontobel Holding Ltd. now owns 37,630 shares of the financial services provider's stock valued at $3,507,000 after purchasing an additional 2,292 shares during the period. Capital Analysts LLC raised its position in Apollo Global Management by 150.5% in the fourth quarter. Capital Analysts LLC now owns 774 shares of the financial services provider's stock valued at $72,000 after purchasing an additional 465 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Apollo Global Management by 12.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,486 shares of the financial services provider's stock valued at $15,981,000 after purchasing an additional 18,404 shares during the last quarter. 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 and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.