Heard Capital LLC Acquires 103,938 Shares of Apollo Global Management, Inc. (NYSE:APO)

Heard Capital LLC boosted its stake in Apollo Global Management, Inc. (NYSE:APO) by 16.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 753,523 shares of the financial services provider’s stock after purchasing an additional 103,938 shares during the quarter. Apollo Global Management comprises approximately 5.3% of Heard Capital LLC’s holdings, making the stock its 11th largest holding. Heard Capital LLC owned 0.13% of Apollo Global Management worth $94,123,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in APO. Curated Wealth Partners LLC lifted its stake in Apollo Global Management by 200.3% in 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 purchasing an additional 4,717,661 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Apollo Global Management in the second quarter worth $62,972,000. Marshall Wace LLP increased its position in shares of Apollo Global Management by 74.5% in the second quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider’s stock worth $112,836,000 after acquiring an additional 408,105 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in 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 holdings in Apollo Global Management by 12,086.7% in 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 buying an additional 367,195 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

APO stock opened at $172.34 on Tuesday. 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 50-day moving average of $148.51 and a two-hundred day moving average of $126.81. Apollo Global Management, Inc. has a one year low of $88.58 and a one year high of $176.75. The firm has a market capitalization of $97.51 billion, a PE ratio of 18.01, a P/E/G ratio of 1.81 and a beta of 1.59.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.463 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.07%. Apollo Global Management’s dividend payout ratio (DPR) is 19.33%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on APO. Wolfe Research initiated coverage on Apollo Global Management in a report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price target for the company. Redburn Partners started coverage on Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price for the company. Barclays increased their price target on shares of Apollo Global Management from $148.00 to $174.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Redburn Atlantic began coverage on 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 increased their price objective on shares of Apollo Global Management from $165.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and an average 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.