Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Mudita Advisors LLP

Mudita Advisors LLP trimmed its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 25.2% during the third quarter, Holdings Channel reports. The institutional investor owned 188,570 shares of the financial services provider’s stock after selling 63,400 shares during the quarter. Apollo Global Management comprises about 12.9% of Mudita Advisors LLP’s portfolio, making the stock its 3rd largest holding. Mudita Advisors LLP’s holdings in Apollo Global Management were worth $23,554,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA purchased a new position in shares of Apollo Global Management in the 3rd quarter valued at about $35,000. Cullen Frost Bankers Inc. purchased a new position in Apollo Global Management in the second quarter valued at approximately $35,000. Massmutual Trust Co. FSB ADV increased its stake in Apollo Global Management by 293.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 346 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in Apollo Global Management during the third quarter worth approximately $80,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Apollo Global Management during the 3rd quarter worth approximately $83,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on APO. Redburn Atlantic started coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. Keefe, Bruyette & Woods upped their target price 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. BMO Capital Markets raised their target price 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. Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their price target for the company from $124.00 to $123.00 in a research report on Tuesday, August 6th. Finally, Evercore ISI raised their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $155.05.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $175.64 on Wednesday. The company’s fifty day moving average is $144.17 and its two-hundred day moving average is $125.05. 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 firm has a market capitalization of $99.38 billion, a P/E ratio of 18.35, a PEG ratio of 1.80 and a beta of 1.59. Apollo Global Management, Inc. has a one year low of $88.58 and a one year high of $176.75.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders 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. The ex-dividend date is Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.05%. Apollo Global Management’s payout ratio is 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.