Brooklyn Investment Group Makes New $176,000 Investment in Apollo Global Management, Inc. (NYSE:APO)

Brooklyn Investment Group acquired a new stake in Apollo Global Management, Inc. (NYSE:APO) in the 3rd quarter, Holdings Channel reports. The firm acquired 1,413 shares of the financial services provider’s stock, valued at approximately $176,000.

Several other hedge funds also recently modified their holdings of the stock. Cullen Frost Bankers Inc. acquired a new stake in Apollo Global Management in the second quarter valued at approximately $35,000. Compagnie Lombard Odier SCmA acquired a new stake in Apollo Global Management in the 3rd quarter valued at $35,000. Massmutual Trust Co. FSB ADV increased its stake in Apollo Global Management by 293.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 346 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in Apollo Global Management during the third quarter worth $80,000. Finally, Mather Group LLC. lifted its stake in shares of Apollo Global Management by 826.9% in the second quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock valued at $81,000 after buying an additional 645 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on APO shares. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Redburn Atlantic began coverage on Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. Bank of America upgraded Apollo Global Management from a “neutral” rating to a “buy” rating and dropped their target price for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. Wells Fargo & Company lifted their target price on Apollo Global Management from $149.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price target on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $155.05.

Apollo Global Management Trading Down 1.1 %

Shares of Apollo Global Management stock opened at $173.79 on Thursday. The company’s 50-day moving average price is $145.33 and its 200-day moving average price is $125.50. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 12-month low of $88.58 and a 12-month high of $176.75. The company has a market cap of $98.33 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.80 and a beta of 1.59.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a $0.463 dividend. This represents a $1.85 annualized dividend and a yield of 1.07%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) 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.