Freedom Investment Management Inc. Sells 148 Shares of Apollo Global Management, Inc. (NYSE:APO)

Freedom Investment Management Inc. reduced its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 4.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,557 shares of the financial services provider’s stock after selling 148 shares during the period. Freedom Investment Management Inc.’s holdings in Apollo Global Management were worth $444,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in APO. Tidal Investments LLC raised its position in Apollo Global Management by 9.2% in the 1st quarter. Tidal Investments LLC now owns 16,093 shares of the financial services provider’s stock valued at $1,810,000 after purchasing an additional 1,360 shares during the last quarter. Swedbank AB acquired a new stake in shares of Apollo Global Management in the first quarter valued at $5,800,000. Cetera Investment Advisers lifted its position in 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 worth $5,573,000 after buying an additional 39,735 shares in the last quarter. Cetera Advisors LLC grew its holdings in Apollo Global Management by 415.2% during the 1st quarter. Cetera Advisors LLC now owns 13,875 shares of the financial services provider’s stock worth $1,560,000 after acquiring an additional 11,182 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in Apollo Global Management by 21.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 87,538 shares of the financial services provider’s stock valued at $9,820,000 after acquiring an additional 15,526 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Stock Performance

APO stock opened at $175.03 on Friday. Apollo Global Management, Inc. has a 1-year low of $88.58 and a 1-year high of $176.75. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market cap of $99.03 billion, a PE ratio of 18.29, a P/E/G ratio of 1.79 and a beta of 1.59. The business’s 50-day moving average price is $148.51 and its two-hundred day moving average price is $126.62.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Monday, November 18th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s payout ratio is 19.33%.

Wall Street Analyst Weigh In

Several research firms have recently commented on APO. Wells Fargo & Company increased their price target on shares of Apollo Global Management from $149.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Argus decreased their price objective on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Evercore ISI boosted their target price on Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Redburn Atlantic initiated coverage on Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. Finally, Barclays boosted their price objective on Apollo Global Management from $148.00 to $174.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus target price 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.