Apollo Global Management, Inc. (NYSE:APO) Stake Decreased by Kingfisher Capital LLC

Kingfisher Capital LLC reduced its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 4.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,991 shares of the financial services provider's stock after selling 4,288 shares during the quarter. Apollo Global Management accounts for approximately 2.5% of Kingfisher Capital LLC's portfolio, making the stock its 5th largest holding. Kingfisher Capital LLC's holdings in Apollo Global Management were worth $11,116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Compagnie Lombard Odier SCmA purchased a new position in shares of Apollo Global Management during the third quarter valued at approximately $35,000. Cullen Frost Bankers Inc. bought a new stake in shares of Apollo Global Management during the 2nd quarter valued at $35,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Apollo Global Management by 293.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider's stock valued at $55,000 after buying an additional 346 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in shares of Apollo Global Management during the 3rd quarter valued at $80,000. Finally, Truvestments Capital LLC purchased a new position in shares of Apollo Global Management during the 3rd quarter valued at $83,000. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Stock Performance

APO stock traded up $1.18 during midday trading on Friday, hitting $175.03. 1,428,965 shares of the stock traded hands, compared to its average volume of 2,704,901. The firm has a market cap of $99.04 billion, a P/E ratio of 18.35, a PEG ratio of 1.79 and a beta of 1.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The stock's fifty day simple moving average is $147.50 and its 200-day simple moving average is $126.17. Apollo Global Management, Inc. has a 1-year low of $88.58 and a 1-year high of $176.75.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Monday, November 18th. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio (DPR) is currently 19.33%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on APO shares. Redburn Partners started coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They set a "buy" rating and a $153.00 target price on the stock. The Goldman Sachs Group lifted their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Evercore ISI boosted their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Morgan Stanley boosted their price target on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Apollo Global Management from $159.00 to $168.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.