Bridgewater Associates LP Has $1.47 Million Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Bridgewater Associates LP lessened its stake in Apollo Global Management, Inc. (NYSE:APO) by 70.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,759 shares of the financial services provider’s stock after selling 27,643 shares during the quarter. Bridgewater Associates LP’s holdings in Apollo Global Management were worth $1,469,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in APO. Curated Wealth Partners LLC increased its holdings in 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 valued at $278,945,000 after purchasing an additional 4,717,661 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Apollo Global Management in the second quarter valued at about $62,972,000. Marshall Wace LLP increased its holdings in Apollo Global Management by 74.5% in the second quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider’s stock valued at $112,836,000 after purchasing an additional 408,105 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Apollo Global Management by 27.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock valued at $225,600,000 after purchasing an additional 383,557 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Apollo Global Management by 12,086.7% in the third 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 during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of NYSE APO opened at $175.03 on Monday. The stock has a 50 day moving average price of $148.51 and a 200 day moving average price of $126.73. Apollo Global Management, Inc. has a 52 week low of $88.58 and a 52 week high of $176.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $99.04 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.81 and a beta of 1.59.

Apollo Global Management Increases Dividend

The business 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. The ex-dividend date of this dividend was Monday, November 18th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.06%. Apollo Global Management’s dividend payout ratio is 19.33%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on APO shares. Piper Sandler started coverage on Apollo Global Management in a report on Tuesday, November 19th. They issued an “overweight” rating and a $188.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their price target on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Wolfe Research initiated coverage on Apollo Global Management in a report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price target for the company. BMO Capital Markets increased their price target on Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, Redburn Partners initiated coverage on Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average 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.