Bamco Inc. NY Has $17.17 Million Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Bamco Inc. NY increased its position in Apollo Global Management, Inc. (NYSE:APO) by 2.9% in the third quarter, Holdings Channel.com reports. The firm owned 137,429 shares of the financial services provider’s stock after acquiring an additional 3,813 shares during the period. Bamco Inc. NY’s holdings in Apollo Global Management were worth $17,166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chicago Capital LLC boosted its stake in shares of Apollo Global Management by 1.2% in the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock valued at $709,000 after purchasing an additional 69 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its stake in Apollo Global Management by 3.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock valued at $336,000 after acquiring an additional 77 shares during the last quarter. Cigna Investments Inc. New grew its holdings in Apollo Global Management by 1.8% during the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock worth $645,000 after acquiring an additional 90 shares during the period. Allworth Financial LP raised its position in shares of Apollo Global Management by 14.3% during the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 91 shares during the last quarter. Finally, Smithfield Trust Co lifted its stake in shares of Apollo Global Management by 4.7% in the 3rd quarter. Smithfield Trust Co now owns 2,036 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 92 shares during the period. 77.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on APO. JPMorgan Chase & Co. upped their price objective on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Evercore ISI upped their price target on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. Piper Sandler assumed coverage on shares of Apollo Global Management in a report on Tuesday, November 19th. They issued an “overweight” rating and a $188.00 target price on the stock. Finally, Citigroup boosted their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $155.05.

Apollo Global Management Stock Performance

Shares of APO opened at $172.34 on Tuesday. The stock 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, Inc. has a 12 month low of $88.58 and a 12 month high of $176.75. The firm has a fifty day simple moving average of $148.51 and a 200 day simple moving average of $126.81. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a $0.463 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.07%. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

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.