Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 4.7% in the third quarter, Holdings Channel.com reports. The firm owned 12,394 shares of the financial services provider’s stock after buying an additional 562 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Apollo Global Management were worth $1,548,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of APO. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management during the third quarter worth approximately $35,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Apollo Global Management in the 2nd quarter valued at about $35,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Apollo Global Management by 293.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 346 shares during the last quarter. Orion Capital Management LLC grew its stake in Apollo Global Management by 20.0% in the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 100 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in Apollo Global Management by 826.9% in the second quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock valued at $81,000 after buying an additional 645 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Stock Down 0.0 %

APO opened at $164.31 on Friday. The stock’s fifty day moving average is $136.34 and its 200-day moving average is $122.15. Apollo Global Management, Inc. has a one year low of $85.84 and a one year high of $168.67. The company has a market capitalization of $93.58 billion, a PE ratio of 17.17, 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 quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a dividend of $0.463 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.13%. Apollo Global Management’s dividend payout ratio (DPR) is 19.33%.

Analyst Ratings Changes

APO has been the subject of several research reports. Citigroup lifted their target price on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. 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. Redburn Atlantic assumed coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price for the company. Bank of America raised Apollo Global Management from a “neutral” rating to a “buy” rating and lowered their target price for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. Finally, Keefe, Bruyette & Woods raised their price target on Apollo Global Management from $159.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average target price of $150.83.

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.