Royal London Asset Management Ltd. Has $37.53 Million Holdings in Apollo Global Management, Inc. (NYSE:APO)

Royal London Asset Management Ltd. lifted its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 300,474 shares of the financial services provider's stock after buying an additional 10,948 shares during the period. Royal London Asset Management Ltd. owned about 0.05% of Apollo Global Management worth $37,532,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Curated Wealth Partners LLC increased its holdings in Apollo Global Management by 200.3% during the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider's stock valued at $278,945,000 after purchasing an additional 4,717,661 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Apollo Global Management in the 2nd quarter valued at $62,972,000. Marshall Wace LLP boosted its position in Apollo Global Management by 74.5% in the 2nd quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider's stock valued at $112,836,000 after buying an additional 408,105 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Apollo Global Management by 27.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider's stock valued at $225,600,000 after buying an additional 383,557 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in Apollo Global Management by 12,086.7% in the 3rd quarter. International Assets Investment Management LLC now owns 370,233 shares of the financial services provider's stock valued at $462,460,000 after buying an additional 367,195 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Up 1.2 %

Shares of APO traded up $2.12 during midday trading on Friday, hitting $177.85. The stock had a trading volume of 3,954,278 shares, compared to its average volume of 2,730,197. The company has a 50 day simple moving average of $152.42 and a two-hundred day simple moving average of $128.31. Apollo Global Management, Inc. has a twelve month low of $89.45 and a twelve month high of $178.75. The firm has a market cap of $100.63 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 1.79 and a beta of 1.63. 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 declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a $0.463 dividend. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.04%. Apollo Global Management's dividend payout ratio (DPR) is currently 19.33%.

Analyst Ratings Changes

APO has been the topic of a number of recent research reports. Morgan Stanley increased their price objective on Apollo Global Management from $111.00 to $137.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. Argus decreased their price objective on 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. JPMorgan Chase & Co. increased their price objective on Apollo Global Management from $129.00 to $143.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods increased their price objective on Apollo Global Management from $159.00 to $168.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Finally, Redburn Atlantic started coverage on Apollo Global Management in a research report on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $155.05.

Insider Buying and Selling at Apollo Global Management

In related news, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the sale, the insider now owns 35,104,773 shares of the company's stock, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock valued at $34,186,128 in the last 90 days. 8.50% of the stock is currently owned by company insiders.

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.