Townsquare Capital LLC Has $1.46 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Townsquare Capital LLC raised its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 12.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 11,681 shares of the financial services provider’s stock after purchasing an additional 1,252 shares during the quarter. Townsquare Capital LLC’s holdings in Apollo Global Management were worth $1,459,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Curated Wealth Partners LLC increased its position in shares of Apollo Global Management by 200.3% during 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 buying an additional 4,717,661 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in Apollo Global Management during the 2nd quarter worth about $62,972,000. Marshall Wace LLP grew its holdings 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 acquiring an additional 408,105 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Apollo Global Management by 27.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock worth $225,600,000 after acquiring an additional 383,557 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Apollo Global Management by 12,086.7% during 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 purchasing an additional 367,195 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on APO shares. Keefe, Bruyette & Woods lifted their target price on Apollo Global Management from $159.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Argus cut their target price on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. UBS Group raised shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Citigroup increased their price objective on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Redburn Atlantic assumed coverage on Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price for the company. 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’s stock. According to data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $155.05.

Apollo Global Management Stock Up 0.7 %

APO opened at $175.03 on Monday. Apollo Global Management, Inc. has a fifty-two week low of $88.58 and a fifty-two week high of $176.75. The firm has a market capitalization of $99.04 billion, a P/E ratio of 18.29, a PEG ratio of 1.81 and a beta of 1.59. The company’s 50-day moving average is $148.51 and its 200 day moving average is $126.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Increases Dividend

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

About Apollo Global Management

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.