Regal Partners Ltd Has $88.51 Million Holdings in Apollo Global Management, Inc. (NYSE:APO)

Regal Partners Ltd lessened its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 708,557 shares of the financial services provider's stock after selling 5,573 shares during the quarter. Apollo Global Management makes up about 7.8% of Regal Partners Ltd's investment portfolio, making the stock its 3rd largest holding. Regal Partners Ltd owned about 0.12% of Apollo Global Management worth $88,506,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in APO. Cullen Frost Bankers Inc. acquired a new position in Apollo Global Management in the second quarter worth $35,000. Compagnie Lombard Odier SCmA bought a new stake in Apollo Global Management in the third quarter valued at $35,000. J.Safra Asset Management Corp raised its stake in shares of Apollo Global Management by 709.3% during the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 305 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Apollo Global Management by 293.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 346 shares in the last quarter. Finally, Orion Capital Management LLC raised its stake in shares of Apollo Global Management by 20.0% during the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider's stock valued at $67,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

APO has been the topic of a number of recent analyst reports. Barclays lifted their price objective on shares of Apollo Global Management from $148.00 to $174.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Wells Fargo & Company lifted their price objective on shares of Apollo Global Management from $149.00 to $164.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Redburn Atlantic initiated coverage on shares of 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. StockNews.com upgraded shares of Apollo Global Management from a "sell" rating to a "hold" rating in a research report on Tuesday. Finally, Citigroup boosted their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $150.83.

Apollo Global Management Stock Down 0.0 %

NYSE:APO traded down $0.03 on Thursday, hitting $164.31. 3,337,022 shares of the company's stock traded hands, compared to its average volume of 2,655,576. 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 $85.84 and a 1 year high of $168.67. The firm has a 50-day moving average price of $136.34 and a 200-day moving average price of $122.15. The company has a market cap of $93.58 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.70 and a beta of 1.59.

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 paid a $0.463 dividend. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date is Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.13%. Apollo Global Management's payout ratio is presently 19.33%.

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.