Rockefeller Capital Management L.P. Sells 1,180 Shares of Apollo Global Management, Inc. (NYSE:APO)

Rockefeller Capital Management L.P. trimmed its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 0.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 307,228 shares of the financial services provider’s stock after selling 1,180 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.05% of Apollo Global Management worth $38,374,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Suvretta Capital Management LLC increased its holdings in shares of Apollo Global Management by 31.2% in the 3rd quarter. Suvretta Capital Management LLC now owns 465,050 shares of the financial services provider’s stock valued at $58,089,000 after acquiring an additional 110,564 shares during the period. Northwest & Ethical Investments L.P. grew its holdings in Apollo Global Management by 11.7% in the third quarter. Northwest & Ethical Investments L.P. now owns 3,831 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 400 shares during the last quarter. Townsquare Capital LLC lifted its holdings in shares of Apollo Global Management by 12.0% during the 3rd quarter. Townsquare Capital LLC now owns 11,681 shares of the financial services provider’s stock valued at $1,459,000 after purchasing an additional 1,252 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Apollo Global Management in the 3rd quarter worth $176,000. Finally, Partners Group Holding AG grew its stake in Apollo Global Management by 26.5% during the 3rd quarter. Partners Group Holding AG now owns 775,727 shares of the financial services provider’s stock worth $96,896,000 after buying an additional 162,678 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on APO shares. Redburn Atlantic initiated coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target for the company. Keefe, Bruyette & Woods increased their price objective on shares of Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Piper Sandler started coverage on shares of Apollo Global Management in a research report on Tuesday, November 19th. They set an “overweight” rating and a $188.00 target price on the stock. Wells Fargo & Company raised their price target on shares of Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective 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. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $155.05.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $175.08 on Friday. 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 stock has a market capitalization of $99.06 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.79 and a beta of 1.59. The firm’s 50 day simple moving average is $147.50 and its 200-day simple moving average is $126.17. Apollo Global Management, Inc. has a 12 month low of $88.58 and a 12 month high of $176.75.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was 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 (DPR) is currently 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.