Apollo Global Management, Inc. (NYSE:APO) Holdings Cut by Gilbert & Cook Inc.

Gilbert & Cook Inc. reduced its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 21.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,985 shares of the financial services provider’s stock after selling 829 shares during the period. Gilbert & Cook Inc.’s holdings in Apollo Global Management were worth $373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. PGGM Investments purchased a new position in Apollo Global Management in the first quarter valued at about $840,000. Mackenzie Financial Corp grew its stake in shares of Apollo Global Management by 4.5% in the 2nd quarter. Mackenzie Financial Corp now owns 178,868 shares of the financial services provider’s stock valued at $21,119,000 after buying an additional 7,679 shares in the last quarter. Forsta AP Fonden grew its stake in shares of Apollo Global Management by 8.4% in the 3rd quarter. Forsta AP Fonden now owns 143,600 shares of the financial services provider’s stock valued at $17,937,000 after buying an additional 11,100 shares in the last quarter. Ameliora Wealth Management Ltd. increased its holdings in Apollo Global Management by 445.8% in the second quarter. Ameliora Wealth Management Ltd. now owns 21,980 shares of the financial services provider’s stock worth $2,595,000 after buying an additional 17,953 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Apollo Global Management by 116.8% during the first quarter. Canada Pension Plan Investment Board now owns 229,359 shares of the financial services provider’s stock valued at $25,791,000 after acquiring an additional 123,559 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Redburn Partners initiated coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price for the company. Redburn Atlantic began coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their target price on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Bank of America upgraded Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $124.00 to $123.00 in a research note on Tuesday, August 6th. Finally, Keefe, Bruyette & Woods raised their price objective on Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $150.83.

Apollo Global Management Stock Performance

NYSE:APO opened at $163.63 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The firm’s 50-day moving average is $137.45 and its 200-day moving average is $122.61. Apollo Global Management, Inc. has a 52-week low of $85.84 and a 52-week high of $168.67. The company has a market cap of $92.59 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.69 and a beta of 1.59.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a $0.463 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.13%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is currently 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.