Apollo Global Management, Inc. (NYSE:APO) is Kingfisher Capital LLC’s 5th Largest Position

Kingfisher Capital LLC reduced its position in Apollo Global Management, Inc. (NYSE:APO) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,991 shares of the financial services provider’s stock after selling 4,288 shares during the quarter. Apollo Global Management comprises approximately 2.5% of Kingfisher Capital LLC’s investment portfolio, making the stock its 5th biggest holding. Kingfisher Capital LLC’s holdings in Apollo Global Management were worth $11,116,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in APO. Chicago Capital LLC increased its holdings in shares of Apollo Global Management by 1.2% during the third 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 in the last quarter. Cyndeo Wealth Partners LLC grew its position in Apollo Global Management by 3.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 77 shares during the last quarter. Cigna Investments Inc. New increased its stake in Apollo Global Management by 1.8% during the 3rd 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 in the last quarter. Allworth Financial LP raised its holdings 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 lifted its stake in shares of Apollo Global Management by 4.7% during the third 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 owned by institutional investors and hedge funds.

Apollo Global Management Trading Down 1.0 %

APO stock opened at $173.85 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 52-week low of $88.58 and a 52-week high of $176.75. The company’s 50-day simple moving average is $146.45 and its 200-day simple moving average is $125.83. The firm has a market cap of $98.37 billion, a P/E ratio of 18.17, a PEG ratio of 1.79 and a beta of 1.59.

Apollo Global Management Increases Dividend

The firm also recently disclosed 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 1.07%. The ex-dividend date of this dividend is Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on APO shares. UBS Group raised Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. 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 on the stock. StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Barclays lifted their target price on Apollo Global Management from $148.00 to $174.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets increased their price target on shares of Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.