Apollon Wealth Management LLC Buys 442 Shares of Apollo Global Management, Inc. (NYSE:APO)

Apollon Wealth Management LLC lifted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,049 shares of the financial services provider’s stock after purchasing an additional 442 shares during the period. Apollon Wealth Management LLC’s holdings in Apollo Global Management were worth $2,130,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital Research Global Investors raised its stake 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 purchasing an additional 1,360,525 shares in the last quarter. Legal & General Group Plc raised its stake in Apollo Global Management by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock valued at $517,527,000 after acquiring an additional 126,859 shares during the period. TD Asset Management Inc raised its stake in Apollo Global Management by 3.8% in the 2nd quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock valued at $318,522,000 after acquiring an additional 97,797 shares during the period. Curated Wealth Partners LLC raised its stake in Apollo Global Management by 200.3% in the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock valued at $278,945,000 after acquiring an additional 4,717,661 shares during the period. Finally, 1832 Asset Management L.P. raised its stake in Apollo Global Management by 2.9% in 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 acquiring an additional 37,070 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

APO opened at $164.38 on Thursday. The firm has a market cap of $93.62 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 1.70 and a beta of 1.59. Apollo Global Management, Inc. has a 52-week low of $85.84 and a 52-week high of $168.67. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The business’s fifty day moving average is $135.23 and its 200-day moving average is $121.85.

Apollo Global Management Increases Dividend

The business also recently announced 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 is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Monday, November 18th. Apollo Global Management’s dividend payout ratio is 19.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company increased their price target on Apollo Global Management from $149.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Evercore ISI increased their price target on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. upped their price objective on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, UBS Group upped their price objective on Apollo Global Management from $117.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus target price of $150.83.

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.