Cerity Partners LLC Increases Holdings in Apollo Global Management, Inc. (NYSE:APO)

Cerity Partners LLC boosted its position in Apollo Global Management, Inc. (NYSE:APO) by 8.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,722 shares of the financial services provider’s stock after purchasing an additional 15,897 shares during the period. Cerity Partners LLC’s holdings in Apollo Global Management were worth $24,573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new position in shares of Apollo Global Management in the second quarter valued at $35,000. Compagnie Lombard Odier SCmA purchased a new position in Apollo Global Management during the 3rd quarter valued at about $35,000. Massmutual Trust Co. FSB ADV raised its position in 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 acquiring an additional 346 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Apollo Global Management in the third quarter valued at about $80,000. Finally, Mather Group LLC. grew its position in shares of 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 purchasing an additional 645 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Up 1.5 %

Shares of NYSE:APO opened at $167.56 on Monday. Apollo Global Management, Inc. has a 1 year low of $88.58 and a 1 year high of $169.58. The stock has a 50-day simple moving average of $143.02 and a 200-day simple moving average of $124.61. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $94.81 billion, a P/E ratio of 17.51, a PEG ratio of 1.70 and a beta of 1.59.

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 $0.463 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.11%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is presently 19.33%.

Analyst Ratings Changes

A number of research firms recently issued reports on APO. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. TD Cowen boosted their target price on shares of Apollo Global Management from $165.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Citigroup raised their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Barclays boosted their price objective on shares of Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley raised their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus 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.