19,911 Shares in Apollo Global Management, Inc. (NYSE:APO) Purchased by DRW Securities LLC

DRW Securities LLC acquired a new position in shares of Apollo Global Management, Inc. (NYSE:APO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,911 shares of the financial services provider’s stock, valued at approximately $2,487,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Legal & General Group Plc increased its position 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 valued at $517,527,000 after purchasing an additional 126,859 shares during the last quarter. TD Asset Management Inc raised its stake 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 acquiring an additional 97,797 shares during the period. Curated Wealth Partners LLC lifted its holdings in shares of Apollo Global Management by 200.3% in the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after acquiring an additional 4,717,661 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Apollo Global Management by 27.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock worth $225,600,000 after purchasing an additional 383,557 shares during the period. Finally, 1832 Asset Management L.P. boosted its stake in shares of Apollo Global Management by 2.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,294,530 shares of the financial services provider’s stock worth $152,845,000 after purchasing an additional 37,070 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Stock Up 1.5 %

NYSE:APO opened at $167.56 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $94.81 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.73 and a beta of 1.59. The company’s 50-day simple moving average is $143.02 and its 200-day simple moving average is $124.61. Apollo Global Management, Inc. has a fifty-two week low of $88.58 and a fifty-two week high of $169.58.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a $0.463 dividend. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Monday, November 18th. Apollo Global Management’s payout ratio is currently 19.33%.

Wall Street Analyst Weigh In

APO has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on shares of Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Redburn Atlantic began coverage on 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. Bank of America upgraded Apollo Global Management from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their target price on Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Barclays upped their price target on shares of Apollo Global Management from $148.00 to $174.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.05.

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.