8,641 Shares in Apollo Global Management, Inc. (NYSE:APO) Purchased by Quest Partners LLC

Quest Partners LLC bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,641 shares of the financial services provider's stock, valued at approximately $1,079,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. PGGM Investments bought a new stake in shares of Apollo Global Management in the first quarter valued at about $840,000. Mackenzie Financial Corp boosted its holdings in Apollo Global Management by 4.5% in the 2nd quarter. Mackenzie Financial Corp now owns 178,868 shares of the financial services provider's stock valued at $21,119,000 after purchasing an additional 7,679 shares during the period. Forsta AP Fonden grew its position in shares of Apollo Global Management by 8.4% during the 3rd quarter. Forsta AP Fonden now owns 143,600 shares of the financial services provider's stock worth $17,937,000 after purchasing an additional 11,100 shares in the last quarter. Ameliora Wealth Management Ltd. increased its holdings in shares of Apollo Global Management by 445.8% during the second quarter. Ameliora Wealth Management Ltd. now owns 21,980 shares of the financial services provider's stock worth $2,595,000 after purchasing an additional 17,953 shares during the period. Finally, Atria Investments Inc increased its holdings in shares of Apollo Global Management by 112.3% during the third quarter. Atria Investments Inc now owns 19,498 shares of the financial services provider's stock worth $2,435,000 after purchasing an additional 10,315 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Trading Up 1.3 %

NYSE:APO traded up $2.13 on Thursday, reaching $165.02. 5,777,032 shares of the stock traded hands, compared to its average volume of 2,693,392. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 1-year low of $88.18 and a 1-year high of $169.15. The company's 50 day moving average is $141.96 and its 200-day moving average is $124.06. The firm has a market capitalization of $93.37 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.74 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. Stockholders of record on Monday, November 18th will be given 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 annualized dividend and a dividend yield of 1.12%. Apollo Global Management's dividend payout ratio (DPR) is currently 19.33%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Bank of America raised Apollo Global Management from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $124.00 to $123.00 in a research report on Tuesday, August 6th. UBS Group raised Apollo Global Management to a "hold" rating in a report on Wednesday, November 13th. Wolfe Research started coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They set an "outperform" rating and a $139.00 price objective for the company. Morgan Stanley boosted their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. Finally, BMO Capital Markets boosted their price target on Apollo Global Management from $138.00 to $157.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.