Mill Creek Capital Advisors LLC Lowers Stake in Apollo Global Management, Inc. (NYSE:APO)

Mill Creek Capital Advisors LLC reduced its holdings in Apollo Global Management, Inc. (NYSE:APO) by 36.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,009 shares of the financial services provider’s stock after selling 2,848 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in Apollo Global Management were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of APO. PGGM Investments purchased a new stake in shares of Apollo Global Management during the 1st quarter valued at about $840,000. Mackenzie Financial Corp grew its position in shares of Apollo Global Management by 4.5% during the second quarter. Mackenzie Financial Corp now owns 178,868 shares of the financial services provider’s stock worth $21,119,000 after buying an additional 7,679 shares in the last quarter. Forsta AP Fonden grew its position in shares of Apollo Global Management by 8.4% during the third quarter. Forsta AP Fonden now owns 143,600 shares of the financial services provider’s stock worth $17,937,000 after buying an additional 11,100 shares in the last quarter. Ameliora Wealth Management Ltd. increased its stake in shares of Apollo Global Management by 445.8% in the second quarter. Ameliora Wealth Management Ltd. now owns 21,980 shares of the financial services provider’s stock worth $2,595,000 after buying an additional 17,953 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Apollo Global Management by 116.8% in the first quarter. Canada Pension Plan Investment Board now owns 229,359 shares of the financial services provider’s stock valued at $25,791,000 after acquiring an additional 123,559 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on APO shares. Evercore ISI raised their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Wolfe Research began coverage on Apollo Global Management in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price target for the company. TD Cowen boosted their price objective on Apollo Global Management from $165.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $124.00 to $123.00 in a report on Tuesday, August 6th. Finally, StockNews.com raised Apollo Global Management from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $150.83.

Apollo Global Management Trading Down 0.4 %

NYSE:APO opened at $163.63 on Friday. The stock’s 50-day moving average is $137.45 and its two-hundred day moving average is $122.61. 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 stock has a market cap of $92.58 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.70 and a beta of 1.59. Apollo Global Management, Inc. has a fifty-two week low of $85.84 and a fifty-two week high of $168.67.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a $0.463 dividend. This represents a $1.85 annualized dividend and a 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 dividend payout ratio 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.