Daiwa Securities Group Inc. Acquires 2,625 Shares of Apollo Global Management, Inc. (NYSE:APO)

Daiwa Securities Group Inc. lifted its holdings in Apollo Global Management, Inc. (NYSE:APO) by 9.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 30,720 shares of the financial services provider’s stock after buying an additional 2,625 shares during the period. Daiwa Securities Group Inc.’s holdings in Apollo Global Management were worth $3,837,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in APO. Chicago Capital LLC increased its stake in Apollo Global Management by 1.2% during the third quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock worth $709,000 after acquiring an additional 69 shares during the last quarter. Cyndeo Wealth Partners LLC increased its position in shares of Apollo Global Management by 3.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 77 shares during the last quarter. Cigna Investments Inc. New raised its holdings in Apollo Global Management by 1.8% during the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock valued at $645,000 after buying an additional 90 shares during the period. Allworth Financial LP lifted its position in Apollo Global Management by 14.3% in the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock worth $91,000 after buying an additional 91 shares during the last quarter. Finally, Smithfield Trust Co boosted its stake in Apollo Global Management by 4.7% during the third quarter. Smithfield Trust Co now owns 2,036 shares of the financial services provider’s stock worth $253,000 after buying an additional 92 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Stock Up 0.5 %

Apollo Global Management stock opened at $175.64 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market cap of $99.38 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.73 and a beta of 1.59. The business has a fifty day moving average of $144.17 and a two-hundred day moving average of $125.05. Apollo Global Management, Inc. has a twelve month low of $88.58 and a twelve month high of $176.75.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a $0.463 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Morgan Stanley boosted their target price on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Piper Sandler began coverage on Apollo Global Management in a report on Tuesday, November 19th. They set an “overweight” rating and a $188.00 price objective for the company. Finally, The Goldman Sachs Group increased their target price on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $155.05.

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.