The Goldman Sachs Group Boosts Apollo Global Management (NYSE:APO) Price Target to $135.00

Apollo Global Management (NYSE:APO) had its price objective increased by The Goldman Sachs Group from $128.00 to $135.00 in a research note published on Thursday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the financial services provider’s stock.

A number of other equities analysts have also commented on APO. JPMorgan Chase & Co. lifted their price target on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an overweight rating in a report on Wednesday. Redburn Partners started coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They issued a buy rating and a $153.00 price target for the company. Evercore ISI boosted their target price on shares of Apollo Global Management from $127.00 to $150.00 and gave the stock an outperform rating in a research report on Wednesday. TD Cowen upped their price objective on shares of Apollo Global Management from $135.00 to $162.00 and gave the stock a buy rating in a research report on Wednesday. Finally, BMO Capital Markets boosted their target price on shares of Apollo Global Management from $123.00 to $138.00 and gave the company an outperform rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $134.78.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $135.33 on Thursday. The company’s 50 day simple moving average is $114.83 and its 200 day simple moving average is $114.95. The stock has a market capitalization of $76.89 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.30 and a beta of 1.62. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. Apollo Global Management has a 1 year low of $77.11 and a 1 year high of $136.26.

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

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, August 16th. Apollo Global Management’s dividend payout ratio (DPR) is 20.49%.

Insiders Place Their Bets

In other news, Director Pauline Richards purchased 2,351 shares of the stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $104.92 per share, with a total value of $246,666.92. Following the transaction, the director now owns 85,854 shares in the company, valued at $9,007,801.68. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Apollo Global Management

A number of institutional investors and hedge funds have recently bought and sold shares of APO. FineMark National Bank & Trust boosted its holdings in Apollo Global Management by 2.4% in the second quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock valued at $486,000 after purchasing an additional 98 shares in the last quarter. Orion Capital Management LLC increased its position in shares of Apollo Global Management by 20.0% in the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after buying an additional 100 shares in the last quarter. Valley National Advisers Inc. increased its position in Apollo Global Management by 0.9% during the 1st quarter. Valley National Advisers Inc. now owns 11,519 shares of the financial services provider’s stock worth $1,295,000 after purchasing an additional 104 shares in the last quarter. Kintegral Advisory LLC boosted its stake in Apollo Global Management by 2.4% in the 2nd quarter. Kintegral Advisory LLC now owns 4,728 shares of the financial services provider’s stock worth $558,000 after buying an additional 109 shares during the last quarter. Finally, Menard Financial Group LLC lifted its stake in shares of Apollo Global Management by 2.0% in the 2nd quarter. Menard Financial Group LLC now owns 5,690 shares of the financial services provider’s stock valued at $672,000 after purchasing an additional 113 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

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.