Quantinno Capital Management LP Boosts Stake in Apollo Global Management, Inc. (NYSE:APO)

Quantinno Capital Management LP lifted its holdings in Apollo Global Management, Inc. (NYSE:APO) by 50.9% in the 3rd quarter, Holdings Channel reports. The firm owned 18,854 shares of the financial services provider’s stock after acquiring an additional 6,358 shares during the period. Quantinno Capital Management LP’s holdings in Apollo Global Management were worth $2,355,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Chicago Capital LLC raised its stake in shares of Apollo Global Management by 1.2% in the third quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock worth $709,000 after purchasing an additional 69 shares during the last quarter. Menard Financial Group LLC increased its position in Apollo Global Management by 1.2% during the third quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 71 shares during the last quarter. Cyndeo Wealth Partners LLC increased its position in Apollo Global Management by 3.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock valued at $336,000 after acquiring an additional 77 shares during the last quarter. Cigna Investments Inc. New increased its position in Apollo Global Management by 1.8% during the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock valued at $645,000 after acquiring an additional 90 shares during the last quarter. Finally, Allworth Financial LP increased its position in Apollo Global Management by 14.3% during the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. 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 research report on Wednesday, November 6th. Keefe, Bruyette & Woods upped their price objective on Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. BMO Capital Markets upped 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. The Goldman Sachs Group boosted their price target on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. boosted their price target on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $159.16.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the transaction, the chief financial officer now directly owns 320,564 shares in the company, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Leon D. Black sold 58,200 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the transaction, the insider now owns 35,104,773 shares in the company, valued at $6,086,114,495.01. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is currently owned by company insiders.

Apollo Global Management Trading Up 1.3 %

Shares of NYSE APO opened at $174.79 on Wednesday. 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 50 day moving average price is $155.27 and its 200-day moving average price is $129.81. Apollo Global Management, Inc. has a fifty-two week low of $89.76 and a fifty-two week high of $189.49. The company has a market cap of $98.90 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 1.84 and a beta of 1.63.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a $0.463 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.06%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management’s dividend payout ratio is presently 19.33%.

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.