Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Cynosure Group LLC

Cynosure Group LLC decreased its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,035 shares of the financial services provider’s stock after selling 187 shares during the period. Cynosure Group LLC’s holdings in Apollo Global Management were worth $379,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of APO. Curated Wealth Partners LLC increased its holdings in shares of 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 worth $278,945,000 after buying an additional 4,717,661 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Apollo Global Management during the second quarter valued at about $62,972,000. Marshall Wace LLP increased its stake in Apollo Global Management by 74.5% during the second quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider’s stock worth $112,836,000 after acquiring an additional 408,105 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of 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, International Assets Investment Management LLC lifted its stake in shares of Apollo Global Management by 12,086.7% in the 3rd quarter. International Assets Investment Management LLC now owns 370,233 shares of the financial services provider’s stock valued at $462,460,000 after purchasing an additional 367,195 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO stock opened at $173.85 on Friday. The stock has a market capitalization of $98.37 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.80 and a beta of 1.59. Apollo Global Management, Inc. has a one year low of $88.58 and a one year high of $176.75. The company’s 50-day simple moving average is $146.45 and its 200-day simple moving average is $125.83. 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 company 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 represents a $1.85 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Monday, November 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

Analysts Set New Price Targets

APO has been the topic of several research reports. Redburn Atlantic began coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. Citigroup raised their target price on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. TD Cowen upped their price target on shares of Apollo Global Management from $165.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Wells Fargo & Company raised their price objective on Apollo Global Management from $149.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Barclays upped their target price on Apollo Global Management from $148.00 to $174.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.05.

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.