Entropy Technologies LP Sells 14,006 Shares of Apollo Global Management, Inc. (NYSE:APO)

Entropy Technologies LP lessened its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 47.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,817 shares of the financial services provider's stock after selling 14,006 shares during the quarter. Entropy Technologies LP's holdings in Apollo Global Management were worth $1,976,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Cullen Frost Bankers Inc. bought a new stake in Apollo Global Management in the second quarter valued at about $35,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Apollo Global Management in the 3rd quarter worth approximately $35,000. J.Safra Asset Management Corp lifted its position in shares of Apollo Global Management by 709.3% during the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider's stock worth $39,000 after buying an additional 305 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in Apollo Global Management by 293.2% in 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. Finally, Orion Capital Management LLC grew its position in Apollo Global Management by 20.0% in 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 during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Trading Up 0.4 %

Shares of NYSE:APO traded up $0.67 during trading on Wednesday, hitting $164.42. 1,247,723 shares of the company's stock were exchanged, compared to its average volume of 2,646,277. 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 firm has a market cap of $93.64 billion, a P/E ratio of 17.30, a PEG ratio of 1.70 and a beta of 1.59. The firm has a 50-day moving average price of $134.14 and a two-hundred day moving average price of $121.55. Apollo Global Management, Inc. has a 1-year low of $85.84 and a 1-year high of $168.67.

Apollo Global Management Increases Dividend

The business also recently declared 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 of this dividend is Monday, November 18th. This represents a $1.85 dividend on an annualized basis 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 19.33%.

Analysts Set New Price Targets

APO has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their price objective on Apollo Global Management from $128.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Citigroup lifted their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. BMO Capital Markets upped their price objective on shares of Apollo Global Management from $138.00 to $157.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Evercore ISI lifted their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Finally, Redburn Partners started coverage on Apollo Global Management in a report on Tuesday, August 27th. They issued a "buy" rating and a $153.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.