Point72 Asia Singapore Pte. Ltd. Sells 39,093 Shares of Apollo Global Management, Inc. (NYSE:APO)

Point72 Asia Singapore Pte. Ltd. lowered its position in Apollo Global Management, Inc. (NYSE:APO) by 83.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,016 shares of the financial services provider’s stock after selling 39,093 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Apollo Global Management were worth $1,001,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Curated Wealth Partners LLC lifted its position in shares of Apollo Global Management by 200.3% during the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after buying an additional 4,717,661 shares during the period. Massachusetts Financial Services Co. MA bought a new position in shares of Apollo Global Management during the 2nd quarter worth approximately $62,972,000. Marshall Wace LLP lifted its position in shares of Apollo Global Management by 74.5% during the 2nd quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider’s stock worth $112,836,000 after buying an additional 408,105 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in 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 valued at $225,600,000 after purchasing an additional 383,557 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Apollo Global Management by 12,086.7% during the 3rd quarter. International Assets Investment Management LLC now owns 370,233 shares of the financial services provider’s stock valued at $462,460,000 after purchasing an additional 367,195 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on APO shares. UBS Group raised Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. BMO Capital Markets raised their price target on Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods raised their price target on Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price target on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $155.05.

Apollo Global Management Stock Performance

APO stock opened at $175.03 on Monday. The business’s 50-day moving average price is $148.51 and its two-hundred day moving average price is $126.73. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market cap of $99.04 billion, a PE ratio of 18.29, a P/E/G ratio of 1.81 and a beta of 1.59. Apollo Global Management, Inc. has a 1-year low of $88.58 and a 1-year high of $176.75.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management’s payout ratio is 19.33%.

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.