Apollo Global Management, Inc. (NYSE:APO) is Platform Technology Partners’ 5th Largest Position

Platform Technology Partners lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 3.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 67,804 shares of the financial services provider’s stock after purchasing an additional 2,344 shares during the quarter. Apollo Global Management accounts for about 2.6% of Platform Technology Partners’ holdings, making the stock its 5th largest holding. Platform Technology Partners’ holdings in Apollo Global Management were worth $8,469,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its stake in shares of Apollo Global Management by 20.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 11,840 shares of the financial services provider’s stock valued at $1,331,000 after buying an additional 2,031 shares during the last quarter. NorthRock Partners LLC bought a new position in Apollo Global Management during the 1st quarter worth approximately $258,000. Meeder Advisory Services Inc. increased its stake in Apollo Global Management by 5.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 6,165 shares of the financial services provider’s stock worth $693,000 after purchasing an additional 291 shares during the period. QRG Capital Management Inc. lifted its position in Apollo Global Management by 10.7% in the first quarter. QRG Capital Management Inc. now owns 21,663 shares of the financial services provider’s stock valued at $2,436,000 after purchasing an additional 2,099 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Apollo Global Management by 3.5% during the first quarter. US Bancorp DE now owns 8,551 shares of the financial services provider’s stock valued at $962,000 after purchasing an additional 288 shares during the period. Institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on APO shares. BMO Capital Markets lifted 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 note on Wednesday, November 6th. Citigroup boosted their price objective on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Wells Fargo & Company increased their target price on shares of Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Finally, The Goldman Sachs Group increased their price objective on Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $150.83.

Apollo Global Management Stock Up 2.9 %

APO opened at $166.70 on Tuesday. The firm’s 50 day simple moving average is $133.09 and its two-hundred day simple moving average is $121.19. The company has a market capitalization of $94.94 billion, a PE ratio of 17.42, a PEG ratio of 1.69 and a beta of 1.59. Apollo Global Management, Inc. has a 1-year low of $84.23 and a 1-year high of $168.67. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given 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 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Monday, November 18th. Apollo Global Management’s dividend payout ratio is presently 19.33%.

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.