TFB Advisors LLC Raises Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

TFB Advisors LLC raised its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 6.2% in the third quarter, Holdings Channel.com reports. The firm owned 19,028 shares of the financial services provider’s stock after buying an additional 1,109 shares during the period. TFB Advisors LLC’s holdings in Apollo Global Management were worth $2,377,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Research Global Investors raised its holdings in Apollo Global Management by 40.3% in the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after acquiring an additional 1,360,525 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Apollo Global Management by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock valued at $517,527,000 after purchasing an additional 126,859 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Apollo Global Management by 3.8% during the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock worth $318,522,000 after purchasing an additional 97,797 shares during the last quarter. Curated Wealth Partners LLC grew its stake in Apollo Global Management by 200.3% in the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after purchasing an additional 4,717,661 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in Apollo Global Management by 8.4% in the first quarter. William Blair Investment Management LLC now owns 1,904,212 shares of the financial services provider’s stock worth $214,129,000 after purchasing an additional 147,710 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

APO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Redburn Atlantic began coverage on Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday. TD Cowen raised 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. Finally, Barclays lifted their price target on shares of Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.83.

Apollo Global Management Stock Down 2.3 %

Shares of Apollo Global Management stock opened at $159.88 on Friday. Apollo Global Management, Inc. has a 12-month low of $83.88 and a 12-month high of $166.72. The firm has a market capitalization of $91.06 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.53 and a beta of 1.59. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average is $131.14 and its 200-day moving average is $120.34.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.463 per share. The ex-dividend date is Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a yield of 1.16%. Apollo Global Management’s dividend payout ratio is currently 19.72%.

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.