Entropy Technologies LP Has $1.98 Million Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Entropy Technologies LP reduced its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 47.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,817 shares of the financial services provider’s stock after selling 14,006 shares during the quarter. Entropy Technologies LP’s holdings in Apollo Global Management were worth $1,976,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Research Global Investors grew its position in Apollo Global Management by 40.3% in the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after purchasing an additional 1,360,525 shares in the last quarter. Legal & General Group Plc increased 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 valued at $517,527,000 after acquiring an additional 126,859 shares during the last quarter. TD Asset Management Inc raised its holdings in 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 worth $318,522,000 after acquiring an additional 97,797 shares in the last quarter. Curated Wealth Partners LLC boosted its position in 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 last quarter. Finally, 1832 Asset Management L.P. grew its stake in Apollo Global Management by 2.9% in the second 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 purchasing an additional 37,070 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on APO shares. Bank of America raised Apollo Global Management from a “neutral” rating to a “buy” rating and cut their price objective for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. The Goldman Sachs Group lifted their price objective on shares of Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Wells Fargo & Company upped their target price on shares of Apollo Global Management from $149.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Redburn Atlantic started coverage on Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. Finally, StockNews.com upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and an average target price of $150.83.

Apollo Global Management Price Performance

NYSE:APO opened at $163.72 on Wednesday. Apollo Global Management, Inc. has a 52 week low of $84.23 and a 52 week high of $168.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The firm’s 50-day simple moving average is $134.14 and its 200 day simple moving average is $121.55. The firm has a market cap of $93.24 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.69 and a beta of 1.59.

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 issued a dividend of $0.463 per share. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.13%. Apollo Global Management’s dividend payout ratio (DPR) is currently 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.