KBC Group NV Boosts Position in Apollo Global Management, Inc. (NYSE:APO)

KBC Group NV lifted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 15.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,047 shares of the financial services provider's stock after purchasing an additional 8,416 shares during the quarter. KBC Group NV's holdings in Apollo Global Management were worth $7,875,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital Research Global Investors boosted its position in shares of Apollo Global Management by 40.3% during the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider's stock worth $532,852,000 after buying an additional 1,360,525 shares during the period. Legal & General Group Plc grew its stake in shares of Apollo Global Management by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider's stock worth $517,527,000 after acquiring an additional 126,859 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Apollo Global Management by 3.8% in the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider's stock valued at $318,522,000 after purchasing an additional 97,797 shares during the last quarter. Curated Wealth Partners LLC lifted its position in shares of Apollo Global Management by 200.3% in the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider's stock worth $278,945,000 after purchasing an additional 4,717,661 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its position in Apollo Global Management by 2.9% in the second quarter. 1832 Asset Management L.P. now owns 1,294,530 shares of the financial services provider's stock valued at $152,845,000 after purchasing an additional 37,070 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Stock Down 0.4 %

Shares of NYSE:APO traded down $0.68 during trading hours on Friday, hitting $163.63. The company's stock had a trading volume of 2,519,381 shares, compared to its average volume of 3,174,696. The firm's fifty day moving average price is $137.45 and its 200 day moving average price is $122.61. 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 capitalization of $92.59 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 1.69 and a beta of 1.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a $0.463 dividend. 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. The ex-dividend date of this dividend is Monday, November 18th. Apollo Global Management's dividend payout ratio is presently 19.33%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on APO shares. Bank of America raised shares of Apollo Global Management from a "neutral" rating to a "buy" rating and decreased their target price for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. Wells Fargo & Company boosted their price objective on shares of Apollo Global Management from $149.00 to $164.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their target price on shares of Apollo Global Management from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft upped their price objective on Apollo Global Management from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, Argus reduced their target price on Apollo Global Management from $135.00 to $125.00 and set a "buy" rating for the company in a research note on Tuesday, August 20th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Apollo Global Management has a consensus rating of "Moderate Buy" and an average target price of $150.83.

About Apollo Global Management

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.