Daiwa Securities Group Inc. Increases Holdings in Apollo Global Management, Inc. (NYSE:APO)

Daiwa Securities Group Inc. lifted its position in Apollo Global Management, Inc. (NYSE:APO) by 9.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,720 shares of the financial services provider’s stock after buying an additional 2,625 shares during the period. Daiwa Securities Group Inc.’s holdings in Apollo Global Management were worth $3,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of APO. Curated Wealth Partners LLC boosted its position in Apollo Global Management by 200.3% in the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after purchasing an additional 4,717,661 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Apollo Global Management during the 2nd quarter valued at about $62,972,000. Marshall Wace LLP lifted its stake in shares of Apollo Global Management by 74.5% in the 2nd quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider’s stock worth $112,836,000 after purchasing an additional 408,105 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Apollo Global Management by 27.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock worth $225,600,000 after buying an additional 383,557 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in Apollo Global Management by 12,086.7% during the third quarter. International Assets Investment Management LLC now owns 370,233 shares of the financial services provider’s stock valued at $462,460,000 after buying an additional 367,195 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 0.5 %

Shares of APO stock opened at $175.64 on Wednesday. The stock has a market cap of $99.38 billion, a P/E ratio of 18.35, a PEG ratio of 1.73 and a beta of 1.59. The company’s fifty day simple moving average is $144.17 and its two-hundred day simple moving average is $125.05. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 52 week low of $88.58 and a 52 week high of $176.75.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a dividend of $0.463 per share. The ex-dividend date 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 dividend on an annualized basis and a yield of 1.05%. Apollo Global Management’s dividend payout ratio is presently 19.33%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on APO. Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $124.00 to $123.00 in a research report on Tuesday, August 6th. Evercore ISI lifted their target price on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. UBS Group raised Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. Argus decreased their price objective 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. Finally, Keefe, Bruyette & Woods boosted their price objective on Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus target price of $155.05.

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.