Apollo Global Management, Inc. (NYSE:APO) is NFC Investments LLC’s Largest Position

NFC Investments LLC trimmed its holdings in Apollo Global Management, Inc. (NYSE:APO) by 0.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 414,328 shares of the financial services provider’s stock after selling 1,784 shares during the period. Apollo Global Management accounts for about 14.9% of NFC Investments LLC’s investment portfolio, making the stock its largest position. NFC Investments LLC owned about 0.07% of Apollo Global Management worth $51,754,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Cetera Investment Advisers boosted its stake in shares of Apollo Global Management by 404.4% during the 1st quarter. Cetera Investment Advisers now owns 49,561 shares of the financial services provider’s stock worth $5,573,000 after purchasing an additional 39,735 shares during the last quarter. Cetera Advisors LLC raised its holdings in Apollo Global Management by 415.2% in the 1st quarter. Cetera Advisors LLC now owns 13,875 shares of the financial services provider’s stock valued at $1,560,000 after acquiring an additional 11,182 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Apollo Global Management by 352.7% during the 2nd quarter. GAMMA Investing LLC now owns 2,395 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 1,866 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in Apollo Global Management by 293.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after buying an additional 346 shares during the last quarter. Finally, Mather Group LLC. increased its stake in shares of Apollo Global Management by 826.9% during the 2nd quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 645 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

NYSE:APO traded up $0.83 during trading hours on Tuesday, reaching $173.17. 697,747 shares of the stock were exchanged, compared to its average volume of 2,696,810. Apollo Global Management, Inc. has a 52 week low of $88.58 and a 52 week high of $176.75. 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 stock has a market capitalization of $97.98 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.81 and a beta of 1.63. The firm has a 50 day simple moving average of $148.51 and a 200-day simple moving average of $126.81.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a dividend of $0.463 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. This represents a $1.85 annualized dividend and a yield of 1.07%. Apollo Global Management’s payout ratio is presently 19.33%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on APO. Evercore ISI boosted their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Bank of America upgraded Apollo Global Management from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $124.00 to $123.00 in a report on Tuesday, August 6th. Wells Fargo & Company boosted their price objective on shares of Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. BMO Capital Markets increased their price target on Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, TD Cowen boosted their price objective on Apollo Global Management from $165.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $155.05.

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.