Atria Investments Inc Increases Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Atria Investments Inc lifted its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 112.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 19,498 shares of the financial services provider's stock after acquiring an additional 10,315 shares during the quarter. Atria Investments Inc's holdings in Apollo Global Management were worth $2,435,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. purchased a new stake in shares of Apollo Global Management during the second quarter worth about $35,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Apollo Global Management in the 3rd quarter worth approximately $35,000. Massmutual Trust Co. FSB ADV increased 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 buying an additional 346 shares during the period. Orion Capital Management LLC raised its holdings 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 acquiring an additional 100 shares in the last quarter. Finally, Mather Group LLC. lifted its stake in Apollo Global Management by 826.9% in the second quarter. Mather Group LLC. now owns 723 shares of the financial services provider's stock worth $81,000 after acquiring an additional 645 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on APO. UBS Group raised shares of Apollo Global Management to a "hold" rating in a research note on Wednesday. Redburn Partners assumed coverage on Apollo Global Management in a research report on Tuesday, August 27th. They issued a "buy" rating and a $153.00 target price for the company. BMO Capital Markets increased their price objective on Apollo Global Management from $138.00 to $157.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, 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. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $150.83.

Apollo Global Management Trading Down 1.0 %

Shares of Apollo Global Management stock traded down $1.58 on Friday, hitting $162.73. 656,069 shares of the company traded hands, compared to its average volume of 2,646,570. Apollo Global Management, Inc. has a 52 week low of $85.84 and a 52 week high of $168.67. The company has a market cap of $92.68 billion, a PE ratio of 17.17, a PEG ratio of 1.70 and a beta of 1.59. The stock's 50 day moving average price is $136.34 and its 200-day moving average price is $122.15. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a $0.463 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.14%. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's payout ratio is currently 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.