Holocene Advisors LP Acquires 338,472 Shares of Apollo Global Management, Inc. (NYSE:APO)

Holocene Advisors LP increased its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 530.9% during the third quarter, HoldingsChannel reports. The firm owned 402,228 shares of the financial services provider’s stock after buying an additional 338,472 shares during the period. Holocene Advisors LP’s holdings in Apollo Global Management were worth $50,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers boosted its holdings in shares of Apollo Global Management by 404.4% during the 1st quarter. Cetera Investment Advisers now owns 49,561 shares of the financial services provider’s stock valued at $5,573,000 after acquiring an additional 39,735 shares during the last quarter. Cetera Advisors LLC boosted its holdings in Apollo Global Management by 415.2% in the first quarter. Cetera Advisors LLC now owns 13,875 shares of the financial services provider’s stock worth $1,560,000 after purchasing an additional 11,182 shares during the last quarter. GAMMA Investing LLC grew its position in Apollo Global Management by 352.7% in the 2nd quarter. GAMMA Investing LLC now owns 2,395 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 1,866 shares during the period. Massmutual Trust Co. FSB ADV grew its position in Apollo Global Management by 293.2% in the 2nd 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 period. Finally, Mather Group LLC. raised its stake in Apollo Global Management by 826.9% during the 2nd 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 owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $172.34 on Tuesday. 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 stock’s 50-day simple moving average is $148.51 and its 200-day simple moving average is $126.81. The company has a market capitalization of $97.51 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.81 and a beta of 1.59.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.463 dividend. The ex-dividend date was Monday, November 18th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a yield of 1.07%. Apollo Global Management’s payout ratio is currently 19.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on APO shares. UBS Group upgraded Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Wolfe Research started coverage on Apollo Global Management in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 target price on the stock. Evercore ISI upped their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Argus cut their target price on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management 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.