Incline Global Management LLC Lowers Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Incline Global Management LLC lowered its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 16.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,792 shares of the financial services provider’s stock after selling 15,079 shares during the quarter. Apollo Global Management comprises approximately 4.1% of Incline Global Management LLC’s portfolio, making the stock its 17th biggest position. Incline Global Management LLC’s holdings in Apollo Global Management were worth $9,342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Investment Management Corp of Ontario increased its holdings in shares of Apollo Global Management by 49.9% during the third quarter. Investment Management Corp of Ontario now owns 13,222 shares of the financial services provider’s stock valued at $1,652,000 after acquiring an additional 4,400 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Apollo Global Management by 0.4% during the third quarter. Janus Henderson Group PLC now owns 1,339,355 shares of the financial services provider’s stock valued at $167,298,000 after acquiring an additional 4,892 shares in the last quarter. Harbor Advisors LLC increased its holdings in shares of Apollo Global Management by 33.5% during the third quarter. Harbor Advisors LLC now owns 15,947 shares of the financial services provider’s stock valued at $1,992,000 after acquiring an additional 3,999 shares in the last quarter. Heard Capital LLC increased its holdings in shares of Apollo Global Management by 16.0% during the third quarter. Heard Capital LLC now owns 753,523 shares of the financial services provider’s stock valued at $94,123,000 after acquiring an additional 103,938 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Apollo Global Management by 0.5% during the third quarter. HighTower Advisors LLC now owns 451,980 shares of the financial services provider’s stock valued at $56,381,000 after acquiring an additional 2,121 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO stock traded up $0.75 during trading hours on Tuesday, reaching $173.09. 175,568 shares of the company traded hands, compared to its average volume of 2,694,884. Apollo Global Management, Inc. has a 12-month low of $88.58 and a 12-month high of $176.75. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market cap of $97.94 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.81 and a beta of 1.63. The firm has a 50-day moving average price of $148.51 and a 200 day moving average price of $126.81.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.463 per share. 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 1.07%. The ex-dividend date was Monday, November 18th. Apollo Global Management’s payout ratio is presently 19.33%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. TD Cowen raised their price target on Apollo Global Management from $165.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. StockNews.com upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group lifted their price objective on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods lifted their price objective on Apollo Global Management from $159.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, 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 report on Tuesday, August 20th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.