Point72 Asia Singapore Pte. Ltd. Sells 39,093 Shares of Apollo Global Management, Inc. (NYSE:APO)

Point72 Asia Singapore Pte. Ltd. lessened its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 83.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,016 shares of the financial services provider’s stock after selling 39,093 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Apollo Global Management were worth $1,001,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new position in Apollo Global Management during the third quarter worth approximately $35,000. Cullen Frost Bankers Inc. acquired a new position in Apollo Global Management during the second quarter worth approximately $35,000. Massmutual Trust Co. FSB ADV increased its position in Apollo Global Management by 293.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after buying an additional 346 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Apollo Global Management during the third quarter worth approximately $80,000. Finally, Truvestments Capital LLC acquired a new position in Apollo Global Management during the third quarter worth approximately $83,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO opened at $175.03 on Monday. Apollo Global Management, Inc. has a one year low of $88.58 and a one year high of $176.75. The company has a market cap 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 stock has a 50-day moving average of $148.51 and a 200-day moving average of $126.73. 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 Increases Dividend

The company also recently disclosed 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 an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.06%. Apollo Global Management’s payout ratio is currently 19.33%.

Wall Street Analyst Weigh In

APO has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Piper Sandler initiated coverage on Apollo Global Management in a research report on Tuesday, November 19th. They issued an “overweight” rating and a $188.00 target price on the stock. Wolfe Research started coverage on Apollo Global Management in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price target for the company. The Goldman Sachs Group upped 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. Finally, Evercore ISI increased their price target on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.