Partners Group Holding AG Purchases 162,678 Shares of Apollo Global Management, Inc. (NYSE:APO)

Partners Group Holding AG boosted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 26.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 775,727 shares of the financial services provider’s stock after acquiring an additional 162,678 shares during the period. Apollo Global Management makes up approximately 6.5% of Partners Group Holding AG’s holdings, making the stock its 2nd largest holding. Partners Group Holding AG’s holdings in Apollo Global Management were worth $96,896,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake in shares of Apollo Global Management by 60.7% in the first quarter. Advisors Asset Management Inc. now owns 10,961 shares of the financial services provider’s stock valued at $1,233,000 after purchasing an additional 4,142 shares in the last quarter. BOKF NA increased its holdings in Apollo Global Management by 60.0% in the 1st quarter. BOKF NA now owns 5,896 shares of the financial services provider’s stock valued at $663,000 after buying an additional 2,210 shares during the period. SVB Wealth LLC acquired a new position in shares of Apollo Global Management in the 1st quarter valued at $628,000. Tidal Investments LLC lifted its holdings in shares of Apollo Global Management by 9.2% during the 1st quarter. Tidal Investments LLC now owns 16,093 shares of the financial services provider’s stock worth $1,810,000 after acquiring an additional 1,360 shares during the period. Finally, iA Global Asset Management Inc. boosted its position in shares of Apollo Global Management by 63.9% during the 1st quarter. iA Global Asset Management Inc. now owns 252,006 shares of the financial services provider’s stock valued at $28,338,000 after acquiring an additional 98,292 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Trading Up 4.3 %

Shares of APO opened at $174.76 on Tuesday. The stock’s fifty day simple moving average is $144.17 and its 200-day simple moving average is $125.05. The firm has a market capitalization of $98.88 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.73 and a beta of 1.59. Apollo Global Management, Inc. has a 12-month low of $88.58 and a 12-month high of $176.75. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a $0.463 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is 19.33%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on APO. Morgan Stanley increased their price target 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. Deutsche Bank Aktiengesellschaft increased their target price on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Citigroup raised their target price on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group upped their price target on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, BMO Capital Markets upped their target price 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 analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.