Empowered Funds LLC Increases Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Empowered Funds LLC increased its holdings in Apollo Global Management, Inc. (NYSE:APO) by 145.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,874 shares of the financial services provider’s stock after buying an additional 23,024 shares during the quarter. Empowered Funds LLC’s holdings in Apollo Global Management were worth $4,856,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Capital Research Global Investors grew its stake in shares of Apollo Global Management by 40.3% during the 1st quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after acquiring an additional 1,360,525 shares during the period. Legal & General Group Plc boosted its position in shares of Apollo Global Management by 3.0% in the second quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock worth $517,527,000 after purchasing an additional 126,859 shares during the period. TD Asset Management Inc increased 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 worth $318,522,000 after purchasing an additional 97,797 shares in the last quarter. Curated Wealth Partners LLC raised its position in shares of Apollo Global Management by 200.3% during the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock valued at $278,945,000 after purchasing an additional 4,717,661 shares during the period. Finally, 1832 Asset Management L.P. lifted 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 valued at $152,845,000 after buying an additional 37,070 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their price objective on Apollo Global Management from $159.00 to $168.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. increased their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Argus lowered their target price on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group increased their price objective on shares of Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and an average price target of $150.83.

Apollo Global Management Stock Performance

Shares of APO stock opened at $163.63 on Monday. The firm has a market cap of $92.59 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.69 and a beta of 1.59. Apollo Global Management, Inc. has a 52-week low of $85.84 and a 52-week high of $168.67. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $137.45 and its 200 day moving average is $122.72.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a $0.463 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.13%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, November 18th. Apollo Global Management’s payout ratio is presently 19.33%.

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.