Empowered Funds LLC Buys 23,024 Shares of Apollo Global Management, Inc. (NYSE:APO)

Empowered Funds LLC increased its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 145.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,874 shares of the financial services provider's stock after acquiring an additional 23,024 shares during the period. Empowered Funds LLC's holdings in Apollo Global Management were worth $4,856,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. acquired a new position in shares of Apollo Global Management during the 2nd quarter worth about $35,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management in the third quarter valued at approximately $35,000. Massmutual Trust Co. FSB ADV boosted its position in 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 worth $55,000 after purchasing an additional 346 shares during the period. Mather Group LLC. raised its position in shares of Apollo Global Management by 826.9% in the second 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 during the period. Finally, Allworth Financial LP lifted its stake in shares of Apollo Global Management by 14.3% during the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider's stock worth $91,000 after buying an additional 91 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Price Performance

NYSE:APO traded up $0.68 on Monday, hitting $164.31. The company had a trading volume of 2,977,018 shares, compared to its average volume of 2,656,407. Apollo Global Management, Inc. has a 52 week low of $86.21 and a 52 week high of $168.67. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $92.97 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.69 and a beta of 1.59. The firm has a 50 day moving average of $137.45 and a two-hundred day moving average of $122.72.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a $0.463 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.13%. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio is currently 19.33%.

Wall Street Analyst Weigh In

APO has been the subject of several research reports. Redburn Atlantic began coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a "buy" rating and a $153.00 price objective for the company. Evercore ISI lifted their target price on Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. StockNews.com raised shares of Apollo Global Management from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Argus decreased their target price on shares of Apollo Global Management from $135.00 to $125.00 and set a "buy" rating on the stock in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management presently has an average rating of "Moderate Buy" and an average target price of $150.83.

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.