Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Jennison Associates LLC

Jennison Associates LLC decreased its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 921,999 shares of the financial services provider's stock after selling 51,142 shares during the period. Jennison Associates LLC owned approximately 0.16% of Apollo Global Management worth $115,167,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of APO. Compagnie Lombard Odier SCmA purchased a new position in Apollo Global Management in the 3rd quarter valued at about $35,000. Cullen Frost Bankers Inc. purchased a new position in Apollo Global Management in the second quarter valued at about $35,000. Massmutual Trust Co. FSB ADV increased its holdings in 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 worth $55,000 after purchasing an additional 346 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in Apollo Global Management during the 3rd quarter worth approximately $80,000. Finally, Mather Group LLC. raised its position in shares of Apollo Global Management by 826.9% in the 2nd quarter. Mather Group LLC. now owns 723 shares of the financial services provider's stock valued at $81,000 after purchasing an additional 645 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Trading Down 3.2 %

Shares of NYSE:APO opened at $162.87 on Thursday. Apollo Global Management, Inc. has a fifty-two week low of $87.85 and a fifty-two week high of $169.15. 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 company has a market cap of $92.16 billion, a PE ratio of 17.02, a P/E/G ratio of 1.74 and a beta of 1.59. The company's 50-day moving average price is $140.91 and its 200 day moving average price is $123.77.

Apollo Global Management Increases Dividend

The firm also recently disclosed 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 an increase from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.14%. Apollo Global Management's payout ratio is currently 19.33%.

Analyst Ratings Changes

APO has been the subject of a number of research analyst reports. StockNews.com lowered shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Wednesday. Morgan Stanley boosted their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods increased 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 report on Wednesday, November 6th. Bank of America raised Apollo Global Management from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. Finally, TD Cowen upped their price objective on Apollo Global Management from $165.00 to $178.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $155.05.

Apollo Global Management 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.