Fisher Asset Management LLC Invests $215,000 in Apollo Global Management, Inc. (NYSE:APO)

Fisher Asset Management LLC bought a new stake in Apollo Global Management, Inc. (NYSE:APO) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,721 shares of the financial services provider’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Curated Wealth Partners LLC boosted its holdings in shares of Apollo Global Management by 200.3% in 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 during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Apollo Global Management in the second quarter valued at $62,972,000. Marshall Wace LLP grew its position in Apollo Global Management by 74.5% during the 2nd 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 during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Apollo Global Management by 27.0% during the 3rd 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 buying an additional 383,557 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Apollo Global Management by 12,086.7% in the 3rd 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 period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Price Performance

APO stock opened at $175.03 on Monday. Apollo Global Management, Inc. has a 1 year low of $88.58 and a 1 year high of $176.75. The firm has a market capitalization of $99.04 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.81 and a beta of 1.59. 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 business has a 50 day simple moving average of $148.51 and a 200-day simple moving average of $126.73.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a $0.463 dividend. The ex-dividend date was Monday, November 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.06%. Apollo Global Management’s dividend payout ratio (DPR) is 19.33%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Piper Sandler initiated coverage on Apollo Global Management in a research report on Tuesday, November 19th. They set an “overweight” rating and a $188.00 price target for the company. Redburn Atlantic began coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $124.00 to $123.00 in a report on Tuesday, August 6th. UBS Group raised shares of Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. Finally, StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.05.

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.