Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Concentric Capital Strategies LP

Concentric Capital Strategies LP trimmed its position in Apollo Global Management, Inc. (NYSE:APO) by 24.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,388 shares of the financial services provider’s stock after selling 11,712 shares during the period. Concentric Capital Strategies LP’s holdings in Apollo Global Management were worth $4,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APO. Chicago Capital LLC raised its stake in shares of Apollo Global Management by 1.2% in the third quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock worth $709,000 after purchasing an additional 69 shares during the last quarter. Cyndeo Wealth Partners LLC lifted its stake in 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 acquiring an additional 77 shares during the period. Cigna Investments Inc. New boosted its holdings in shares of Apollo Global Management by 1.8% in the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock valued at $645,000 after acquiring an additional 90 shares during the last quarter. Allworth Financial LP increased its stake in shares of 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 acquiring an additional 91 shares during the period. Finally, Smithfield Trust Co raised its holdings in shares of 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 purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

APO has been the topic of several analyst reports. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Piper Sandler started coverage on Apollo Global Management in a research report on Tuesday, November 19th. They set an “overweight” rating and a $188.00 price target for the company. The Goldman Sachs Group upped their price objective on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Redburn Atlantic initiated coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. Finally, JPMorgan Chase & Co. increased 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, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $155.05.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $175.03 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management, Inc. has a 1 year low of $88.58 and a 1 year high of $176.75. The firm has a market capitalization of $99.04 billion, a PE ratio of 18.29, a P/E/G ratio of 1.81 and a beta of 1.59. The business’s 50 day moving average price is $148.51 and its 200-day moving average price is $126.73.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a dividend of $0.463 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.06%. Apollo Global Management’s dividend payout ratio is presently 19.33%.

About Apollo Global Management

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.