Apollo Global Management, Inc. (NYSE:APO) is Kingfisher Capital LLC’s 5th Largest Position

Kingfisher Capital LLC lowered its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 88,991 shares of the financial services provider’s stock after selling 4,288 shares during the quarter. Apollo Global Management accounts for 2.5% of Kingfisher Capital LLC’s holdings, making the stock its 5th biggest holding. Kingfisher Capital LLC’s holdings in Apollo Global Management were worth $11,116,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Legal & General Group Plc increased its position in Apollo Global Management by 3.0% during the second 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 last quarter. TD Asset Management Inc grew its holdings in Apollo Global Management by 3.8% during 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 purchasing an additional 97,797 shares during the last quarter. Curated Wealth Partners LLC grew its holdings 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 valued at $278,945,000 after purchasing an additional 4,717,661 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Apollo Global Management by 27.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock worth $225,600,000 after purchasing an additional 383,557 shares during the period. Finally, 1832 Asset Management L.P. lifted its stake in Apollo Global Management by 2.9% in the second quarter. 1832 Asset Management L.P. now owns 1,294,530 shares of the financial services provider’s stock worth $152,845,000 after purchasing an additional 37,070 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

APO has been the topic of a number of analyst reports. Morgan Stanley upped their target price on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Redburn Partners started coverage on Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective on the stock. Wolfe Research began coverage on Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 target price for the company. BMO Capital Markets boosted 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 note on Wednesday, November 6th. Finally, Evercore ISI raised their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.05.

Apollo Global Management Stock Down 1.0 %

Shares of NYSE APO opened at $173.85 on Friday. The stock has a market capitalization of $98.37 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.79 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, Inc. has a 12-month low of $88.58 and a 12-month high of $176.75. The stock’s fifty day simple moving average is $146.45 and its two-hundred day simple moving average is $125.83.

Apollo Global Management Increases Dividend

The business also recently announced 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 represents a $1.85 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. 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.