TCTC Holdings LLC Trims Stake in Apollo Global Management, Inc. (NYSE:APO)

TCTC Holdings LLC cut its stake in Apollo Global Management, Inc. (NYSE:APO) by 7.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,259 shares of the financial services provider’s stock after selling 103 shares during the quarter. TCTC Holdings LLC’s holdings in Apollo Global Management were worth $157,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Cullen Frost Bankers Inc. acquired a new stake in Apollo Global Management in the second quarter valued at approximately $35,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Apollo Global Management in the third quarter valued at approximately $35,000. J.Safra Asset Management Corp boosted its stake in shares of Apollo Global Management by 709.3% in the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 305 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position 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 worth $55,000 after purchasing an additional 346 shares in the last quarter. Finally, Orion Capital Management LLC lifted its holdings in Apollo Global Management by 20.0% in the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Up 1.4 %

Shares of APO stock opened at $162.00 on Friday. The stock has a market capitalization of $92.26 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 1.80 and a beta of 1.59. Apollo Global Management, Inc. has a fifty-two week low of $83.88 and a fifty-two week high of $166.72. 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 company has a 50 day moving average price of $132.07 and a 200 day moving average price of $120.75.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a $0.463 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

Analyst Ratings Changes

A number of brokerages have recently commented on APO. BMO Capital Markets increased their target price on shares of Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays upped their price target on Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a research report on Wednesday. The Goldman Sachs Group lifted their price objective on Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Citigroup upped their target price on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus price target 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.