Partners Group Holding AG Purchases 162,678 Shares of Apollo Global Management, Inc. (NYSE:APO)

Partners Group Holding AG boosted its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 26.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 775,727 shares of the financial services provider's stock after purchasing an additional 162,678 shares during the period. Apollo Global Management comprises about 6.5% of Partners Group Holding AG's investment portfolio, making the stock its 2nd biggest position. Partners Group Holding AG owned 0.14% of Apollo Global Management worth $96,896,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Curated Wealth Partners LLC raised its holdings in shares of Apollo Global Management by 200.3% in the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider's stock valued at $278,945,000 after buying an additional 4,717,661 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Apollo Global Management in the second quarter worth about $62,972,000. Marshall Wace LLP lifted its position in shares of Apollo Global Management by 74.5% during the second quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider's stock worth $112,836,000 after purchasing an additional 408,105 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Apollo Global Management by 27.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider's stock valued at $225,600,000 after purchasing an additional 383,557 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Apollo Global Management by 12,086.7% in 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 purchasing an additional 367,195 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

APO has been the subject of several research reports. StockNews.com cut Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Wednesday, November 20th. Bank of America raised Apollo Global Management from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $124.00 to $123.00 in a report on Tuesday, August 6th. Redburn Partners assumed coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They issued a "buy" rating and a $153.00 target price on the stock. Wells Fargo & Company boosted their price target on shares of Apollo Global Management from $149.00 to $164.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. Finally, Wolfe Research started coverage on shares of Apollo Global Management in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $139.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $155.05.

Apollo Global Management Stock Up 0.5 %

APO stock traded up $0.94 during mid-day trading on Tuesday, hitting $175.64. 2,732,909 shares of the company were exchanged, compared to its average volume of 2,713,984. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. Apollo Global Management, Inc. has a 1-year low of $88.58 and a 1-year high of $176.75. The firm's 50 day simple moving average is $144.17 and its 200 day simple moving average is $125.05. The firm has a market cap of $99.38 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.73 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 issued a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.05%. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, November 18th. Apollo Global Management's dividend payout ratio (DPR) is presently 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.