L & S Advisors Inc Acquires Shares of 26,718 Apollo Global Management, Inc. (NYSE:APO)

L & S Advisors Inc acquired a new stake in Apollo Global Management, Inc. (NYSE:APO) in the third quarter, Holdings Channel reports. The fund acquired 26,718 shares of the financial services provider’s stock, valued at approximately $3,337,000.

Other hedge funds also recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new position in shares of Apollo Global Management during the second quarter valued at approximately $35,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Apollo Global Management during the 3rd quarter valued at $35,000. Massmutual Trust Co. FSB ADV increased its stake in Apollo Global Management by 293.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 346 shares during the last quarter. Prospera Private Wealth LLC bought a new position in Apollo Global Management in the 3rd quarter worth about $80,000. Finally, Mather Group LLC. boosted its holdings in shares of Apollo Global Management by 826.9% in the 2nd quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 645 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Up 0.6 %

Shares of NYSE:APO opened at $163.90 on Thursday. Apollo Global Management, Inc. has a 12-month low of $88.18 and a 12-month high of $169.15. The business’s fifty day simple moving average is $140.91 and its 200-day simple moving average is $123.77. The company has a market capitalization of $92.74 billion, a PE ratio of 17.02, a P/E/G ratio of 1.74 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 Increases Dividend

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

Wall Street Analysts Forecast Growth

APO has been the subject of several analyst reports. Morgan Stanley increased their target price on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Citigroup raised their price objective on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. UBS Group raised Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. BMO Capital Markets raised their price objective on Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their target price on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.05.

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.