Atom Investors LP Has $3.94 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Atom Investors LP raised its holdings in Apollo Global Management, Inc. (NYSE:APO) by 93.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,563 shares of the financial services provider’s stock after purchasing an additional 15,251 shares during the quarter. Atom Investors LP’s holdings in Apollo Global Management were worth $3,943,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Legal & General Group Plc lifted its holdings in shares of Apollo Global Management by 3.0% in the second quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock worth $517,527,000 after acquiring an additional 126,859 shares during the last quarter. TD Asset Management Inc boosted its position in Apollo Global Management by 3.8% in the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock valued at $318,522,000 after buying an additional 97,797 shares in the last quarter. Curated Wealth Partners LLC grew its stake in shares of Apollo Global Management by 200.3% during the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after buying an additional 4,717,661 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Apollo Global Management by 27.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock worth $225,600,000 after buying an additional 383,557 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in shares of Apollo Global Management by 2.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,294,530 shares of the financial services provider’s stock valued at $152,845,000 after acquiring an additional 37,070 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Trading Up 0.7 %

APO opened at $175.03 on Monday. Apollo Global Management, Inc. has a fifty-two week low of $88.58 and a fifty-two week 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 company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The company’s 50-day moving average is $148.51 and its 200 day moving average is $126.73.

Apollo Global Management Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on APO shares. Deutsche Bank Aktiengesellschaft upped their target price on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods upped their price objective on Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Redburn Partners began coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. BMO Capital Markets raised their price target on shares of Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, Argus lowered their target price on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target 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.