KBC Group NV Has $7.88 Million Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

KBC Group NV boosted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 15.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,047 shares of the financial services provider’s stock after purchasing an additional 8,416 shares during the period. KBC Group NV’s holdings in Apollo Global Management were worth $7,875,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chicago Capital LLC raised its stake in shares of Apollo Global Management by 1.2% in the third quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock valued at $709,000 after acquiring an additional 69 shares during the last quarter. Cyndeo Wealth Partners LLC increased its holdings in Apollo Global Management by 3.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 77 shares in the last quarter. Cigna Investments Inc. New raised its position in Apollo Global Management by 1.8% in the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock valued at $645,000 after purchasing an additional 90 shares during the last quarter. Allworth Financial LP boosted its stake in Apollo Global Management by 14.3% in the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 91 shares in the last quarter. Finally, FineMark National Bank & Trust grew its holdings in shares of Apollo Global Management by 2.4% during the second quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 98 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company boosted their target price on shares of Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. TD Cowen increased their price target 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. BMO Capital Markets raised their price target on shares of Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price objective on Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $150.83.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $163.63 on Friday. The firm’s 50 day simple moving average is $137.45 and its 200 day simple moving average is $122.61. Apollo Global Management, Inc. has a fifty-two week low of $85.84 and a fifty-two week high of $168.67. The company has a market capitalization of $92.58 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 1.70 and a beta of 1.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a $0.463 dividend. 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. This represents a $1.85 annualized dividend and a yield of 1.13%. Apollo Global Management’s dividend payout ratio (DPR) is 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.