Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 4.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 156,585 shares of the financial services provider's stock after purchasing an additional 6,197 shares during the quarter. Natixis Advisors LLC's holdings in Apollo Global Management were worth $19,559,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Empowered Funds LLC increased its stake in shares of Apollo Global Management by 145.3% in the third quarter. Empowered Funds LLC now owns 38,874 shares of the financial services provider's stock worth $4,856,000 after acquiring an additional 23,024 shares during the period. CIBC Asset Management Inc grew its holdings in Apollo Global Management by 4.9% in the third quarter. CIBC Asset Management Inc now owns 19,094 shares of the financial services provider's stock valued at $2,385,000 after purchasing an additional 899 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its holdings in Apollo Global Management by 4.7% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,394 shares of the financial services provider's stock worth $1,548,000 after acquiring an additional 562 shares in the last quarter. Metis Global Partners LLC raised its position in shares of Apollo Global Management by 8.7% during the 3rd quarter. Metis Global Partners LLC now owns 10,186 shares of the financial services provider's stock worth $1,272,000 after purchasing an additional 819 shares during the last quarter. Finally, Zions Bancorporation N.A. boosted its holdings in Apollo Global Management by 237.4% in the 3rd quarter. Zions Bancorporation N.A. now owns 5,335 shares of the financial services provider's stock worth $666,000 after buying an additional 3,754 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APO has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. UBS Group upgraded Apollo Global Management to a "hold" rating in a research report on Wednesday, November 13th. BMO Capital Markets lifted their price objective on Apollo Global Management from $138.00 to $157.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Wolfe Research started coverage on Apollo Global Management in a research note on Wednesday, September 25th. They set an "outperform" rating and a $139.00 price objective on the stock. Finally, Redburn Partners assumed coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a "buy" rating and a $153.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, Apollo Global Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $155.05.

Apollo Global Management Price Performance

Shares of APO stock traded down $6.51 during trading hours on Wednesday, hitting $161.74. The company's stock had a trading volume of 2,728,543 shares, compared to its average volume of 2,665,842. 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, Inc. has a twelve month low of $87.85 and a twelve month high of $169.15. The stock has a market cap of $91.52 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 1.69 and a beta of 1.59. The business has a fifty day moving average of $139.82 and a 200-day moving average of $123.50.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a $0.463 dividend. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Monday, November 18th. Apollo Global Management's dividend payout ratio is currently 19.33%.

Apollo Global Management 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.