Apollo Global Management, Inc. (NYSE:APO) is Mudita Advisors LLP’s 3rd Largest Position

Mudita Advisors LLP trimmed its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 25.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,570 shares of the financial services provider’s stock after selling 63,400 shares during the period. Apollo Global Management accounts for 12.9% of Mudita Advisors LLP’s holdings, making the stock its 3rd biggest position. Mudita Advisors LLP’s holdings in Apollo Global Management were worth $23,554,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of APO. Tidal Investments LLC raised its stake in Apollo Global Management by 9.2% in the 1st quarter. Tidal Investments LLC now owns 16,093 shares of the financial services provider’s stock valued at $1,810,000 after purchasing an additional 1,360 shares during the last quarter. Swedbank AB purchased a new position in shares of Apollo Global Management in the first quarter worth about $5,800,000. PGGM Investments acquired a new position in Apollo Global Management during the first quarter worth about $840,000. Cetera Investment Advisers grew its stake in Apollo Global Management by 404.4% during the 1st quarter. Cetera Investment Advisers now owns 49,561 shares of the financial services provider’s stock valued at $5,573,000 after acquiring an additional 39,735 shares in the last quarter. Finally, Cetera Advisors LLC raised its holdings in Apollo Global Management by 415.2% in the 1st quarter. Cetera Advisors LLC now owns 13,875 shares of the financial services provider’s stock valued at $1,560,000 after acquiring an additional 11,182 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

APO has been the subject of several recent research reports. Redburn Atlantic assumed coverage on Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target for the company. Redburn Partners started coverage on Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Piper Sandler initiated coverage on shares of Apollo Global Management in a research note on Tuesday, November 19th. They set an “overweight” rating and a $188.00 target price on the stock. Finally, The Goldman Sachs Group boosted their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus target price of $155.05.

Apollo Global Management Trading Up 0.5 %

NYSE APO opened at $175.64 on Wednesday. Apollo Global Management, Inc. has a one year low of $88.58 and a one year high of $176.75. The firm has a 50 day simple moving average of $144.17 and a 200-day simple moving average of $125.05. The firm has a market cap of $99.38 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.80 and a beta of 1.59. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Increases Dividend

The firm also recently declared 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 is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.05%. Apollo Global Management’s payout ratio is 19.33%.

Apollo Global Management 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.