Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC trimmed its position in Apollo Global Management, Inc. (NYSE:APO) by 13.4% during the third quarter, Holdings Channel.com reports. The firm owned 2,984 shares of the financial services provider’s stock after selling 462 shares during the period. Kingsview Wealth Management LLC’s holdings in Apollo Global Management were worth $373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Chicago Capital LLC raised its holdings in shares of Apollo Global Management by 1.2% in the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock valued at $709,000 after purchasing an additional 69 shares in the last quarter. Cyndeo Wealth Partners LLC grew its position in shares of Apollo Global Management by 3.0% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock valued at $336,000 after buying an additional 77 shares during the last quarter. Cigna Investments Inc. New grew its position in shares of 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 buying an additional 90 shares during the last quarter. Allworth Financial LP grew its position in shares of Apollo Global Management by 14.3% in the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock valued at $91,000 after buying an additional 91 shares during the last quarter. Finally, Smithfield Trust Co grew its position in shares of Apollo Global Management by 4.7% in the 3rd quarter. Smithfield Trust Co now owns 2,036 shares of the financial services provider’s stock valued at $253,000 after buying an additional 92 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Stock Down 1.0 %

Shares of NYSE APO opened at $173.85 on Friday. 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. The firm has a 50-day moving average price of $146.45 and a 200 day moving average price of $125.83. The stock has a market capitalization of $98.37 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 1.80 and a beta of 1.59.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a $0.463 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date is 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 Ratings Changes

A number of research analysts recently commented on APO shares. Morgan Stanley increased their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. increased their target price on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group raised their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Citigroup raised their price objective on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Wolfe Research started coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $155.05.

About Apollo Global Management

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.