TCW Group Inc. Acquires 18,785 Shares of Apollo Global Management, Inc. (NYSE:APO)

TCW Group Inc. raised its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 671,479 shares of the financial services provider's stock after acquiring an additional 18,785 shares during the quarter. TCW Group Inc. owned approximately 0.12% of Apollo Global Management worth $83,874,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Hohimer Wealth Management LLC lifted its stake in Apollo Global Management by 3.6% in the third quarter. Hohimer Wealth Management LLC now owns 7,162 shares of the financial services provider's stock worth $895,000 after acquiring an additional 247 shares during the period. Toronto Dominion Bank lifted its position in shares of Apollo Global Management by 27.7% in the 3rd quarter. Toronto Dominion Bank now owns 52,645 shares of the financial services provider's stock worth $6,576,000 after purchasing an additional 11,411 shares during the period. Chiron Investment Management LLC bought a new stake in shares of Apollo Global Management during the 3rd quarter valued at about $397,000. Coldstream Capital Management Inc. increased its position in shares of Apollo Global Management by 37.2% during the third quarter. Coldstream Capital Management Inc. now owns 2,587 shares of the financial services provider's stock valued at $346,000 after buying an additional 702 shares during the period. Finally, Gould Capital LLC bought a new position in Apollo Global Management in the third quarter worth about $1,194,000. 77.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

APO has been the topic of a number of research analyst reports. TD Cowen upped their target price on Apollo Global Management from $178.00 to $230.00 and gave the stock a "buy" rating in a report on Monday. UBS Group raised Apollo Global Management to a "hold" rating in a research note on Wednesday, November 13th. Citigroup boosted their target price 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. Deutsche Bank Aktiengesellschaft increased their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $159.16.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Leon D. Black sold 133,400 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the sale, the insider now owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is owned by company insiders.

Apollo Global Management Stock Performance

Shares of APO stock traded up $4.05 on Wednesday, reaching $178.76. The stock had a trading volume of 6,023,040 shares, compared to its average volume of 2,834,473. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. Apollo Global Management, Inc. has a 1 year low of $89.76 and a 1 year high of $189.49. The stock has a market cap of $101.15 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 1.84 and a beta of 1.63. The company has a 50 day simple moving average of $155.27 and a 200 day simple moving average of $129.81.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.463 per share. The ex-dividend date was Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.04%. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio is presently 19.33%.

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.