Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Aviso Wealth Management

Aviso Wealth Management decreased its stake in Apollo Global Management, Inc. (NYSE:APO) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,276 shares of the financial services provider’s stock after selling 132 shares during the period. Aviso Wealth Management’s holdings in Apollo Global Management were worth $284,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Quest Partners LLC acquired a new position in shares of Apollo Global Management in the 3rd quarter valued at $1,079,000. Swiss National Bank boosted its stake in Apollo Global Management by 0.4% during the 3rd quarter. Swiss National Bank now owns 1,182,214 shares of the financial services provider’s stock worth $147,670,000 after purchasing an additional 4,600 shares during the period. Claro Advisors LLC boosted its stake in Apollo Global Management by 5.7% during the 3rd quarter. Claro Advisors LLC now owns 1,869 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 100 shares during the period. Natixis Advisors LLC boosted its stake in Apollo Global Management by 4.1% during the 3rd quarter. Natixis Advisors LLC now owns 156,585 shares of the financial services provider’s stock worth $19,559,000 after purchasing an additional 6,197 shares during the period. Finally, Empowered Funds LLC boosted its stake in Apollo Global Management by 145.3% during the 3rd quarter. Empowered Funds LLC now owns 38,874 shares of the financial services provider’s stock worth $4,856,000 after purchasing an additional 23,024 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

APO has been the subject of a number of recent research reports. Redburn Partners initiated coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. Wolfe Research started coverage on shares of Apollo Global Management in a research note on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price target for the company. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $124.00 to $123.00 in a research note on Tuesday, August 6th. Finally, BMO Capital Markets raised 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 note on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.83.

Apollo Global Management Stock Performance

NYSE:APO opened at $163.63 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $137.45 and a two-hundred day moving average price of $122.72. Apollo Global Management, Inc. has a twelve month low of $85.84 and a twelve month high of $168.67. The company has a market capitalization of $92.59 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 1.69 and a beta of 1.59.

Apollo Global Management Increases Dividend

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

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.