Meeder Advisory Services Inc. Sells 319 Shares of Apollo Global Management, Inc. (NYSE:APO)

Meeder Advisory Services Inc. lessened its holdings in Apollo Global Management, Inc. (NYSE:APO) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,928 shares of the financial services provider’s stock after selling 319 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Apollo Global Management were worth $990,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in APO. Curated Wealth Partners LLC grew its holdings 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. Capital Research Global Investors boosted its position in Apollo Global Management by 40.3% during the 1st quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after buying an additional 1,360,525 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Apollo Global Management in the second quarter valued at about $62,972,000. 1832 Asset Management L.P. raised its stake in shares of Apollo Global Management by 66.0% during the first quarter. 1832 Asset Management L.P. now owns 1,257,460 shares of the financial services provider’s stock valued at $141,401,000 after acquiring an additional 499,930 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Apollo Global Management by 74.5% during the second quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider’s stock worth $112,836,000 after purchasing an additional 408,105 shares during the period. 77.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on APO shares. Morgan Stanley boosted their price target on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Bank of America raised Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their target price for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. BMO Capital Markets raised their price target on Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. TD Cowen boosted their price objective on shares of Apollo Global Management from $165.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company raised their target price on shares of Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $155.05.

Apollo Global Management Price Performance

APO opened at $168.28 on Wednesday. Apollo Global Management, Inc. has a 1 year low of $86.21 and a 1 year high of $169.15. The stock has a 50-day moving average price of $139.82 and a 200-day moving average price of $123.50. The firm has a market cap of $95.22 billion, a PE ratio of 17.58, a P/E/G ratio of 1.69 and a beta of 1.59. 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 declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.463 per share. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.10%. Apollo Global Management’s dividend payout ratio 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.