2,238 Shares in Apollo Global Management, Inc. (NYSE:APO) Purchased by Jackson Square Capital LLC

Jackson Square Capital LLC acquired a new position in shares of Apollo Global Management, Inc. (NYSE:APO) during the 3rd quarter, HoldingsChannel reports. The firm acquired 2,238 shares of the financial services provider’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Chicago Capital LLC increased its stake in shares of Apollo Global Management by 1.2% in the third 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 during the period. Cyndeo Wealth Partners LLC increased its stake in shares of Apollo Global Management by 3.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 77 shares during the period. Cigna Investments Inc. New boosted its holdings in shares of Apollo Global Management by 1.8% in the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock valued at $645,000 after acquiring an additional 90 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Apollo Global Management by 14.3% in the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 91 shares in the last quarter. Finally, FineMark National Bank & Trust boosted its holdings in shares of Apollo Global Management by 2.4% in the second quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock valued at $486,000 after acquiring an additional 98 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on APO. Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley increased their price objective on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Finally, Wolfe Research started coverage on shares of Apollo Global Management in a report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.83.

Apollo Global Management Stock Up 9.6 %

APO stock opened at $163.67 on Thursday. Apollo Global Management, Inc. has a 12-month low of $82.71 and a 12-month high of $166.72. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a market cap of $93.21 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.55 and a beta of 1.59. The company has a 50 day moving average of $130.21 and a two-hundred day moving average of $120.07.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a $0.463 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.13%. Apollo Global Management’s dividend payout ratio is presently 19.72%.

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.