LGT Capital Partners LTD. Boosts Stake in Apollo Global Management, Inc. (NYSE:APO)

LGT Capital Partners LTD. boosted its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 336,000 shares of the financial services provider's stock after acquiring an additional 6,500 shares during the quarter. Apollo Global Management comprises about 1.5% of LGT Capital Partners LTD.'s investment portfolio, making the stock its 25th biggest holding. LGT Capital Partners LTD. owned 0.06% of Apollo Global Management worth $41,970,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of APO. Chicago Capital LLC lifted its position in shares of Apollo Global Management by 1.2% during the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider's stock valued at $709,000 after acquiring an additional 69 shares during the last quarter. Cyndeo Wealth Partners LLC increased its stake in Apollo Global Management by 3.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider's stock valued at $336,000 after acquiring an additional 77 shares during the period. Cigna Investments Inc. New raised its stake in shares of Apollo Global Management by 1.8% in the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider's stock valued at $645,000 after purchasing an additional 90 shares in the last quarter. Allworth Financial LP lifted its holdings 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 acquiring an additional 91 shares during the period. Finally, FineMark National Bank & Trust grew its stake in shares of Apollo Global Management by 2.4% in the 2nd quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider's stock valued at $486,000 after purchasing an additional 98 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on APO. Redburn Partners assumed coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a "buy" rating and a $153.00 target price on the stock. StockNews.com upgraded Apollo Global Management from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. UBS Group raised shares of Apollo Global Management to a "hold" rating in a research note on Wednesday, November 13th. 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 target for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $155.05.

Apollo Global Management Price Performance

NYSE:APO traded up $3.94 on Tuesday, reaching $168.25. 4,559,233 shares of the company's stock traded hands, compared to its average volume of 2,658,617. The firm has a market cap of $95.20 billion, a PE ratio of 17.53, a P/E/G ratio of 1.69 and a beta of 1.59. 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 stock has a 50-day simple moving average of $138.59 and a 200-day simple moving average of $123.09. Apollo Global Management, Inc. has a 12 month low of $86.21 and a 12 month high of $169.15.

Apollo Global Management Increases Dividend

The company also recently announced 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. This represents a $1.85 annualized dividend and a dividend yield of 1.10%. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date is Monday, November 18th. Apollo Global Management's payout ratio is 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.