Hantz Financial Services Inc. Sells 19,808 Shares of Apollo Global Management, Inc. (NYSE:APO)

Hantz Financial Services Inc. reduced its holdings in Apollo Global Management, Inc. (NYSE:APO) by 16.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 101,746 shares of the financial services provider’s stock after selling 19,808 shares during the quarter. Hantz Financial Services Inc.’s holdings in Apollo Global Management were worth $12,709,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in APO. Legal & General Group Plc increased its stake in shares of Apollo Global Management by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock valued at $517,527,000 after acquiring an additional 126,859 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Apollo Global Management by 3.8% during the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock valued at $318,522,000 after purchasing an additional 97,797 shares during the period. Curated Wealth Partners LLC raised its holdings in shares of Apollo Global Management by 200.3% during the second 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. Charles Schwab Investment Management Inc. boosted its position in shares of Apollo Global Management by 27.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock worth $225,600,000 after purchasing an additional 383,557 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its stake in shares of Apollo Global Management by 2.9% in 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 during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $173.85 on Friday. The business’s fifty day simple moving average is $146.45 and its 200 day simple moving average is $125.83. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 12 month low of $88.58 and a 12 month high of $176.75. The firm has a market capitalization of $98.37 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 1.80 and a beta of 1.59.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a $0.463 dividend. This is an increase 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 1.07%. The ex-dividend date is Monday, November 18th. Apollo Global Management’s payout ratio is 19.33%.

Analyst Ratings Changes

APO has been the topic of a number of research reports. Argus dropped their price target on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. The Goldman Sachs Group upped their target price on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. UBS Group raised shares of Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Redburn Partners initiated coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. Finally, TD Cowen raised their price objective on shares of Apollo Global Management from $165.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and an average 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.