Apollo Global Management, Inc. (NYSE:APO) Stock Position Decreased by Cynosure Group LLC

Cynosure Group LLC lowered its holdings in Apollo Global Management, Inc. (NYSE:APO) by 5.8% during the third quarter, HoldingsChannel.com reports. The fund owned 3,035 shares of the financial services provider’s stock after selling 187 shares during the period. Cynosure Group LLC’s holdings in Apollo Global Management were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Apollo Global Management during the 2nd quarter worth approximately $35,000. Compagnie Lombard Odier SCmA bought a new stake in Apollo Global Management in the third quarter valued at $35,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of 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 valued at $55,000 after acquiring an additional 346 shares during the period. Prospera Private Wealth LLC bought a new position in shares of Apollo Global Management during the third quarter worth about $80,000. Finally, Mather Group LLC. increased its holdings in shares of Apollo Global Management by 826.9% in the 2nd quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 645 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APO has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Argus reduced their price objective 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. UBS Group upgraded Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. increased their price target on Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Redburn Atlantic initiated coverage on Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $155.05.

Apollo Global Management Stock Performance

APO opened at $173.85 on Friday. The business has a fifty day simple moving average of $146.45 and a 200-day simple moving average of $125.83. The firm has a market cap of $98.37 billion, a PE ratio of 18.17, a P/E/G ratio of 1.80 and a beta of 1.59. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a fifty-two week low of $88.58 and a fifty-two week high of $176.75.

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. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.07%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

About Apollo Global Management

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.