Janus Henderson Group PLC Buys 4,892 Shares of Apollo Global Management, Inc. (NYSE:APO)

Janus Henderson Group PLC grew its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,339,355 shares of the financial services provider’s stock after acquiring an additional 4,892 shares during the period. Janus Henderson Group PLC owned about 0.24% of Apollo Global Management worth $167,298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of APO. Chicago Capital LLC increased its stake in shares of Apollo Global Management by 1.2% in the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock worth $709,000 after acquiring an additional 69 shares in the last quarter. Cyndeo Wealth Partners LLC grew its holdings in shares of Apollo Global Management by 3.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock valued at $336,000 after buying an additional 77 shares during the last quarter. Cigna Investments Inc. New increased its position in shares of Apollo Global Management by 1.8% during the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock valued at $645,000 after acquiring an additional 90 shares in the last quarter. Allworth Financial LP raised its holdings in Apollo Global Management by 14.3% in the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 91 shares during the last quarter. Finally, Smithfield Trust Co lifted its holdings in shares of Apollo Global Management by 4.7% during the third quarter. Smithfield Trust Co now owns 2,036 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on APO shares. Citigroup raised their target price on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI upped their price target on Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. BMO Capital Markets upped their target price on shares of Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Wolfe Research began coverage on shares of Apollo Global Management in a report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $155.05.

Apollo Global Management Stock Performance

NYSE APO opened at $173.00 on Wednesday. The business’s 50 day moving average price is $149.45 and its 200-day moving average price is $127.23. Apollo Global Management, Inc. has a fifty-two week low of $88.58 and a fifty-two week high of $176.75. The company has a market cap of $97.89 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.78 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Increases Dividend

The company also recently disclosed 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. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was 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 19.33%.

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.