Brokerages Set Apollo Global Management Inc. (NYSE:APO) Target Price at $166.23

Shares of Apollo Global Management Inc. (NYSE:APO) have been given an average rating of “Moderate Buy” by the fifteen ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $166.2308.

APO has been the subject of a number of analyst reports. Citigroup lowered their target price on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. Morgan Stanley upgraded Apollo Global Management from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $151.00 to $180.00 in a research note on Thursday, November 20th. Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Barclays increased their price target on shares of Apollo Global Management from $159.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Apollo Global Management in a research report on Tuesday, November 25th.

Apollo Global Management Trading Up 0.1%

NYSE:APO opened at $146.51 on Wednesday. The firm has a 50-day simple moving average of $131.93 and a 200-day simple moving average of $136.46. Apollo Global Management has a one year low of $102.58 and a one year high of $175.08. The firm has a market cap of $85.04 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.44 and a beta of 1.61. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.49.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, November 17th. Apollo Global Management’s payout ratio is currently 29.82%.

Insider Activity

In other news, CFO Martin Kelly sold 6,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the sale, the chief financial officer owned 325,604 shares in the company, valued at approximately $42,787,621.64. This represents a 1.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APO. Fortress Financial Solutions LLC grew its stake in shares of Apollo Global Management by 1.6% during the second quarter. Fortress Financial Solutions LLC now owns 4,561 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 74 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in Apollo Global Management by 44.0% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 77 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in Apollo Global Management by 1.4% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 5,553 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 78 shares during the last quarter. Sunbelt Securities Inc. increased its stake in Apollo Global Management by 16.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 82 shares in the last quarter. Finally, Cynosure Group LLC raised its holdings in shares of Apollo Global Management by 2.6% in the third quarter. Cynosure Group LLC now owns 3,385 shares of the financial services provider’s stock worth $451,000 after buying an additional 85 shares during 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 (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.