Larson Financial Group LLC Has $461,000 Holdings in Apollo Global Management, Inc. (NYSE:APO)

Larson Financial Group LLC trimmed its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 21.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,688 shares of the financial services provider’s stock after selling 991 shares during the quarter. Larson Financial Group LLC’s holdings in Apollo Global Management were worth $461,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Chicago Capital LLC increased its holdings 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 grew its holdings 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 purchasing an additional 77 shares during the last quarter. Cigna Investments Inc. New raised its position 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 during the period. Allworth Financial LP lifted its stake in shares of Apollo Global Management by 14.3% in the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock worth $91,000 after buying an additional 91 shares during the last quarter. Finally, Smithfield Trust Co boosted its holdings in shares of Apollo Global Management by 4.7% during the 3rd quarter. Smithfield Trust Co now owns 2,036 shares of the financial services provider’s stock worth $253,000 after buying an additional 92 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Trading Up 4.3 %

Shares of APO opened at $174.76 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market cap of $98.88 billion, a PE ratio of 18.26, a PEG ratio of 1.73 and a beta of 1.59. Apollo Global Management, Inc. has a 1 year low of $88.58 and a 1 year high of $176.75. The stock has a 50 day simple moving average of $144.17 and a 200-day simple moving average of $125.05.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.463 per share. 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 1.06%. The ex-dividend date of this dividend is Monday, November 18th. Apollo Global Management’s dividend payout ratio is currently 19.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Morgan Stanley boosted 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 report on Thursday, October 10th. The Goldman Sachs Group increased their target price on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Argus dropped their price target 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. Deutsche Bank Aktiengesellschaft raised their price objective 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, Keefe, Bruyette & Woods upped their target price on shares of Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $155.05.

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.