Hantz Financial Services Inc. Sells 19,808 Shares of Apollo Global Management, Inc. (NYSE:APO)

Hantz Financial Services Inc. lessened its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 16.3% during the third quarter, Holdings Channel reports. The institutional investor owned 101,746 shares of the financial services provider’s stock after selling 19,808 shares during the quarter. Hantz Financial Services Inc.’s holdings in Apollo Global Management were worth $12,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Curated Wealth Partners LLC lifted its holdings in 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 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 shares of Apollo Global Management in the second quarter valued at approximately $62,972,000. Marshall Wace LLP lifted its stake in shares of 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 valued at $112,836,000 after buying an additional 408,105 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Apollo Global Management by 27.0% during the 3rd 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 buying an additional 383,557 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Apollo Global Management by 12,086.7% in the 3rd quarter. International Assets Investment Management LLC now owns 370,233 shares of the financial services provider’s stock worth $462,460,000 after buying an additional 367,195 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Down 1.0 %

NYSE APO opened at $173.85 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock’s 50-day simple moving average is $146.45 and its two-hundred day simple moving average is $125.83. Apollo Global Management, Inc. has a twelve month low of $88.58 and a twelve month high of $176.75. The company has a market capitalization of $98.37 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.80 and a beta of 1.59.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a $0.463 dividend. This is an increase 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 yield of 1.07%. Apollo Global Management’s payout ratio is presently 19.33%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on APO shares. 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. The Goldman Sachs Group boosted their price objective on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Piper Sandler began coverage on Apollo Global Management in a report on Tuesday, November 19th. They set an “overweight” rating and a $188.00 target price for the company. Bank of America upgraded Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their price target for the company from $124.00 to $123.00 in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.05.

Apollo Global Management Company 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.