Claro Advisors LLC Buys 100 Shares of Apollo Global Management, Inc. (NYSE:APO)

Claro Advisors LLC grew its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,869 shares of the financial services provider’s stock after acquiring an additional 100 shares during the quarter. Claro Advisors LLC’s holdings in Apollo Global Management were worth $233,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Chicago Capital LLC raised its holdings in 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 buying 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 third 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 in the last quarter. Cigna Investments Inc. New lifted its position in 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 in the last quarter. Allworth Financial LP boosted its stake in Apollo Global Management by 14.3% during the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 91 shares during the last quarter. Finally, FineMark National Bank & Trust increased its holdings in shares of Apollo Global Management by 2.4% in the 2nd quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 2.4 %

Shares of APO opened at $168.28 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 business has a fifty day moving average of $139.82 and a 200 day moving average of $123.50. The company has a market cap of $95.22 billion, a PE ratio of 17.58, a P/E/G ratio of 1.69 and a beta of 1.59. Apollo Global Management, Inc. has a 52-week low of $86.21 and a 52-week high of $169.15.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a dividend of $0.463 per share. The ex-dividend date is Monday, November 18th. 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 1.10%. Apollo Global Management’s payout ratio is currently 19.33%.

Analyst Ratings Changes

Several equities research analysts recently commented on APO shares. Piper Sandler started coverage on Apollo Global Management in a research report on Tuesday. They set an “overweight” rating and a $188.00 price objective on the stock. Evercore ISI lifted their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods increased their price objective on shares of Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Citigroup increased their target price on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. According to 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.