Metis Global Partners LLC Purchases 819 Shares of Apollo Global Management, Inc. (NYSE:APO)

Metis Global Partners LLC boosted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 8.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,186 shares of the financial services provider’s stock after acquiring an additional 819 shares during the period. Metis Global Partners LLC’s holdings in Apollo Global Management were worth $1,272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE increased its holdings in shares of Apollo Global Management by 3.5% in the first quarter. US Bancorp DE now owns 8,551 shares of the financial services provider’s stock worth $962,000 after purchasing an additional 288 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of Apollo Global Management by 29.0% in the 1st quarter. Kingsview Wealth Management LLC now owns 3,537 shares of the financial services provider’s stock valued at $398,000 after acquiring an additional 795 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Apollo Global Management by 50.9% during the 1st quarter. Orion Portfolio Solutions LLC now owns 12,186 shares of the financial services provider’s stock valued at $1,370,000 after acquiring an additional 4,111 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Apollo Global Management by 8,942.1% during the first quarter. Acadian Asset Management LLC now owns 327,506 shares of the financial services provider’s stock worth $36,816,000 after purchasing an additional 323,884 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new position in shares of Apollo Global Management in the first quarter worth approximately $219,000. Institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on APO. Barclays boosted their price target on shares of Apollo Global Management from $148.00 to $174.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. BMO Capital Markets upped their target price on shares of Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. increased their price objective on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company boosted their target price on Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus target price of $150.83.

Apollo Global Management Trading Down 0.4 %

Shares of APO opened at $163.63 on Friday. The stock has a market capitalization of $92.58 billion, a P/E ratio of 17.10, a PEG ratio of 1.70 and a beta of 1.59. Apollo Global Management, Inc. has a twelve month low of $85.84 and a twelve month high of $168.67. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $137.45 and a two-hundred day simple moving average of $122.61.

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 $0.463 dividend. The ex-dividend date of this dividend is Monday, November 18th. This is a boost 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%. Apollo Global Management’s dividend payout ratio (DPR) is presently 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.