Shares of Apollo Global Management LLC (NYSE:APO) reached a new 52-week high on Thursday . The company traded as high as $33.75 and last traded at $32.61, with a volume of 960200 shares changing hands. The stock had previously closed at $32.50.
APO has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Apollo Global Management from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Tuesday. Jefferies Group reissued a “buy” rating and set a $34.00 price objective on shares of Apollo Global Management in a research report on Tuesday, September 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $30.00 price target (up previously from $28.00) on shares of Apollo Global Management in a research report on Thursday, October 5th. Credit Suisse Group raised their price target on shares of Apollo Global Management from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $39.00 target price (up previously from $34.00) on shares of Apollo Global Management in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $33.54.
The firm has a market capitalization of $6,290.05, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 1.09 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.74 and a current ratio of 1.74.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Tuesday, November 21st were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.78%. The ex-dividend date was Monday, November 20th. Apollo Global Management’s payout ratio is 50.98%.
In other news, major shareholder Tiger Global Management Llc purchased 43,714 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was purchased at an average cost of $29.18 per share, with a total value of $1,275,574.52. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 4.11% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of APO. Stelac Advisory Services LLC bought a new stake in shares of Apollo Global Management during the 3rd quarter worth $117,000. Penserra Capital Management LLC lifted its holdings in shares of Apollo Global Management by 10.0% during the 2nd quarter. Penserra Capital Management LLC now owns 6,479 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 589 shares during the last quarter. Cowen Prime Services LLC lifted its holdings in shares of Apollo Global Management by 400.0% during the 2nd quarter. Cowen Prime Services LLC now owns 7,500 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 6,000 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Apollo Global Management in the second quarter worth $211,000. Finally, First Midwest Bank Trust Division bought a new stake in Apollo Global Management in the third quarter worth $232,000. 72.43% of the stock is owned by institutional investors.
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Apollo Global Management Company Profile
Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company’s segments include private equity, credit and real estate.
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