GSA Capital Partners LLP Makes New $2.01 Million Investment in Apollo Global Management, Inc. (NYSE:APO)

GSA Capital Partners LLP bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,127 shares of the financial services provider’s stock, valued at approximately $2,014,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital Research Global Investors grew its stake in shares of Apollo Global Management by 40.3% during the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock worth $532,852,000 after buying an additional 1,360,525 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Apollo Global Management by 3.0% in the second quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock worth $517,527,000 after purchasing an additional 126,859 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Apollo Global Management by 3.8% in the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock worth $318,522,000 after purchasing an additional 97,797 shares during the last quarter. Curated Wealth Partners LLC grew its stake 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 worth $278,945,000 after purchasing an additional 4,717,661 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its stake in shares of Apollo Global Management by 2.9% in the second quarter. 1832 Asset Management L.P. now owns 1,294,530 shares of the financial services provider’s stock worth $152,845,000 after purchasing an additional 37,070 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Down 1.8 %

APO opened at $163.72 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. Apollo Global Management, Inc. has a fifty-two week low of $84.23 and a fifty-two week high of $168.67. The firm has a market capitalization of $93.24 billion, a PE ratio of 17.11, a P/E/G ratio of 1.69 and a beta of 1.59. The company’s 50-day moving average is $134.14 and its 200 day moving average is $121.55.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is currently 19.33%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective 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. Redburn Atlantic began coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective on the stock. TD Cowen boosted their target price on shares of Apollo Global Management from $165.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley boosted their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.83.

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.