Poplar Forest Capital LLC Has $490,000 Holdings in Apollo Global Management, Inc. (NYSE:APO)

Poplar Forest Capital LLC decreased its holdings in Apollo Global Management, Inc. (NYSE:APO) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,921 shares of the financial services provider’s stock after selling 99 shares during the quarter. Poplar Forest Capital LLC’s holdings in Apollo Global Management were worth $490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of APO. Curated Wealth Partners LLC raised its stake in Apollo Global Management by 200.3% during the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after buying an additional 4,717,661 shares during the period. Capital Research Global Investors raised its position in shares of Apollo Global Management by 40.3% during the first 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 period. Massachusetts Financial Services Co. MA bought a new position in shares of Apollo Global Management during the 2nd quarter valued at about $62,972,000. 1832 Asset Management L.P. increased its stake in Apollo Global Management by 66.0% during the 1st quarter. 1832 Asset Management L.P. now owns 1,257,460 shares of the financial services provider’s stock worth $141,401,000 after purchasing an additional 499,930 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Apollo Global Management by 74.5% during the 2nd quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider’s stock worth $112,836,000 after purchasing an additional 408,105 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Up 9.6 %

Shares of NYSE APO opened at $163.67 on Thursday. Apollo Global Management, Inc. has a 52 week low of $82.71 and a 52 week high of $166.72. The stock’s fifty day moving average is $130.21 and its 200 day moving average is $120.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $93.21 billion, a P/E ratio of 17.45, a PEG ratio of 1.55 and a beta of 1.59.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, November 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is 19.72%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Argus reduced their price target on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. The Goldman Sachs Group lifted their price target on Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. UBS Group lifted their target price on Apollo Global Management from $117.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Finally, BMO Capital Markets increased their price target on shares of Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average target price 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.