Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Aviso Wealth Management

Aviso Wealth Management reduced its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 5.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,276 shares of the financial services provider’s stock after selling 132 shares during the quarter. Aviso Wealth Management’s holdings in Apollo Global Management were worth $284,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Capital Research Global Investors boosted its stake in shares of Apollo Global Management by 40.3% during the 1st quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock worth $532,852,000 after purchasing an additional 1,360,525 shares during the last quarter. Legal & General Group Plc boosted its position 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 shares of 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 worth $318,522,000 after acquiring an additional 97,797 shares during the last quarter. Curated Wealth Partners LLC boosted its position in shares of Apollo Global Management by 200.3% in 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 acquiring an additional 4,717,661 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its position in shares of Apollo Global Management by 2.9% in the second quarter. 1832 Asset Management L.P. now owns 1,294,530 shares of the financial services provider’s stock worth $152,845,000 after acquiring an additional 37,070 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Down 0.4 %

Shares of NYSE:APO opened at $163.63 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $137.45 and a 200 day simple moving average of $122.72. The firm has a market cap of $92.59 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.69 and a beta of 1.59. Apollo Global Management, Inc. has a 12-month low of $85.84 and a 12-month high of $168.67.

Apollo Global Management Increases Dividend

The business 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 $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s payout ratio is 19.33%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on shares of Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Barclays lifted their price target on shares of Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Wolfe Research assumed coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.