Aptus Capital Advisors LLC Buys New Holdings in Apollo Global Management, Inc. (NYSE:APO)

Aptus Capital Advisors LLC purchased a new position in shares of Apollo Global Management, Inc. (NYSE:APO) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 2,002 shares of the financial services provider’s stock, valued at approximately $250,000.

Other large investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new stake in Apollo Global Management during the 2nd quarter worth approximately $35,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Apollo Global Management in the 3rd quarter valued at $35,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of 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 acquiring an additional 346 shares in the last quarter. Mather Group LLC. boosted its position in Apollo Global Management by 826.9% during the 2nd quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 645 shares during the period. Finally, Allworth Financial LP increased 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 valued at $91,000 after purchasing an additional 91 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on APO. TD Cowen upped their target price on Apollo Global Management from $165.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. StockNews.com upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. BMO Capital Markets lifted their price objective on shares of Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Evercore ISI upped their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, Redburn Atlantic began coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $150.83.

Apollo Global Management Trading Down 0.4 %

NYSE:APO opened at $163.63 on Friday. Apollo Global Management, Inc. has a 52 week low of $85.84 and a 52 week high of $168.67. 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 company has a market cap of $92.58 billion, a PE ratio of 17.10, a P/E/G ratio of 1.70 and a beta of 1.59. The business’s 50 day moving average is $137.45 and its two-hundred day moving average is $122.61.

Apollo Global Management Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Monday, November 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s payout ratio is currently 19.33%.

About Apollo Global Management

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.