Prime Capital Investment Advisors LLC Sells 4,114 Shares of Apollo Global Management, Inc. (NYSE:APO)

Prime Capital Investment Advisors LLC lowered its stake in Apollo Global Management, Inc. (NYSE:APO) by 28.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,592 shares of the financial services provider’s stock after selling 4,114 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Apollo Global Management were worth $1,323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Curated Wealth Partners LLC increased its position in Apollo Global Management by 200.3% during the 2nd 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 in the last quarter. Capital Research Global Investors increased its holdings in shares of Apollo Global Management by 40.3% during the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock worth $532,852,000 after buying an additional 1,360,525 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Apollo Global Management in the 2nd quarter valued at $62,972,000. 1832 Asset Management L.P. boosted its holdings in shares of Apollo Global Management by 66.0% during the 1st 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 in the last quarter. Finally, Marshall Wace LLP grew its position in 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 worth $112,836,000 after acquiring an additional 408,105 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

NYSE:APO opened at $164.31 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. Apollo Global Management, Inc. has a twelve month low of $85.84 and a twelve month high of $168.67. The company has a fifty day moving average of $136.34 and a 200-day moving average of $122.15. The firm has a market capitalization of $93.58 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.70 and a beta of 1.59.

Apollo Global Management Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.13%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is currently 19.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on APO. Deutsche Bank Aktiengesellschaft upped their target price on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Barclays raised their price objective on shares of Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. TD Cowen boosted their target price on shares of Apollo Global Management from $165.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Evercore ISI raised their price target 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 assumed 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 on the stock. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.83.

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.