Truvestments Capital LLC Invests $83,000 in Apollo Global Management, Inc. (NYSE:APO)

Truvestments Capital LLC acquired a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 665 shares of the financial services provider’s stock, valued at approximately $83,000.

A number of other large investors also recently bought and sold shares of APO. Curated Wealth Partners LLC boosted its position in Apollo Global Management by 200.3% during the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock valued at $278,945,000 after acquiring an additional 4,717,661 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Apollo Global Management during the second quarter valued at about $62,972,000. Marshall Wace LLP grew its stake in 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 valued at $112,836,000 after purchasing an additional 408,105 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 purchasing an additional 383,557 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Apollo Global Management by 12,086.7% during the third 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.

Analyst Ratings Changes

APO has been the subject of several recent analyst reports. Redburn Atlantic initiated coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. Redburn Partners began coverage on Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. BMO Capital Markets raised their price objective on Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. increased their price target on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.05.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $175.64 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market capitalization of $99.38 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.73 and a beta of 1.59. The firm’s 50 day simple moving average is $144.17 and its 200-day simple moving average is $125.05. Apollo Global Management, Inc. has a 12 month low of $88.58 and a 12 month high of $176.75.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a yield of 1.05%. The ex-dividend date is Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

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.