Apollo Global Management, Inc. (NYSE:APO) Stock Holdings Reduced by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its position in Apollo Global Management, Inc. (NYSE:APO) by 0.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 147,926 shares of the financial services provider’s stock after selling 152 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Apollo Global Management were worth $18,477,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Atria Investments Inc raised its position in Apollo Global Management by 112.3% during the third quarter. Atria Investments Inc now owns 19,498 shares of the financial services provider’s stock valued at $2,435,000 after acquiring an additional 10,315 shares in the last quarter. Kerusso Capital Management LLC raised its holdings in shares of Apollo Global Management by 6.4% during the 3rd quarter. Kerusso Capital Management LLC now owns 39,823 shares of the financial services provider’s stock valued at $4,974,000 after purchasing an additional 2,412 shares in the last quarter. Lindbrook Capital LLC lifted its stake in shares of Apollo Global Management by 60.1% in the 3rd quarter. Lindbrook Capital LLC now owns 3,399 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 1,276 shares during the last quarter. Assetmark Inc. boosted its holdings in Apollo Global Management by 2.8% in the third quarter. Assetmark Inc. now owns 104,730 shares of the financial services provider’s stock worth $13,082,000 after purchasing an additional 2,848 shares in the last quarter. Finally, Verdence Capital Advisors LLC acquired a new position in Apollo Global Management during the third quarter worth $3,690,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Stock Performance

Shares of APO traded up $2.18 during mid-day trading on Friday, hitting $162.00. 3,093,000 shares of the company traded hands, compared to its average volume of 2,987,981. The stock has a 50-day moving average price of $132.07 and a two-hundred day moving average price of $120.75. The stock has a market cap of $92.26 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 1.80 and a beta of 1.59. Apollo Global Management, Inc. has a 1 year low of $83.88 and a 1 year high of $166.72. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a $0.463 dividend. This is an increase 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 1.14%. The ex-dividend date of this dividend is Monday, November 18th. Apollo Global Management’s payout ratio is currently 19.33%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on APO shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays upped their target price on shares of Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a research note on Wednesday. Evercore ISI increased their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday. Redburn Atlantic assumed coverage on Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. Finally, Keefe, Bruyette & Woods increased their price target on shares of Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $150.83.

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.