Metis Global Partners LLC Buys 819 Shares of Apollo Global Management, Inc. (NYSE:APO)

Metis Global Partners LLC grew its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 8.7% during the third quarter, HoldingsChannel reports. The firm owned 10,186 shares of the financial services provider’s stock after purchasing an additional 819 shares during the quarter. Metis Global Partners LLC’s holdings in Apollo Global Management were worth $1,272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of APO. Capital Research Global Investors grew its holdings 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 acquiring an additional 1,360,525 shares during the period. Legal & General Group Plc grew its stake in 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 purchasing an additional 126,859 shares during the period. TD Asset Management Inc raised its holdings in 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 purchasing an additional 97,797 shares in the last quarter. Curated Wealth Partners LLC lifted its position in Apollo Global Management by 200.3% during the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock valued at $278,945,000 after buying an additional 4,717,661 shares during the period. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Apollo Global Management by 2.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,294,530 shares of the financial services provider’s stock valued at $152,845,000 after buying an additional 37,070 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

APO has been the subject of several research reports. Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $124.00 to $123.00 in a research note on Tuesday, August 6th. Wells Fargo & Company raised their target price on shares of Apollo Global Management from $149.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Citigroup boosted their price target on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Barclays raised their price objective on 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, JPMorgan Chase & Co. boosted their target price on Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $150.83.

Apollo Global Management Price Performance

Shares of APO opened at $163.63 on Friday. The firm has a fifty day simple moving average of $137.45 and a two-hundred day simple moving average of $122.61. The firm has a market cap of $92.58 billion, a PE ratio of 17.10, a P/E/G ratio of 1.70 and a beta of 1.59. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 1-year low of $85.84 and a 1-year high of $168.67.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Monday, November 18th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is 19.33%.

Apollo Global Management 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.