Prime Capital Investment Advisors LLC Has $1.32 Million Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Prime Capital Investment Advisors LLC decreased its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 28.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. acquired a new position in Apollo Global Management during the second quarter worth $35,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Apollo Global Management in the 3rd quarter valued at about $35,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Apollo Global Management by 293.2% in 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 during the period. Orion Capital Management LLC lifted its stake in Apollo Global Management by 20.0% in the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 100 shares during the last quarter. Finally, Mather Group LLC. grew its holdings in Apollo Global Management by 826.9% during the second 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. Institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on APO. JPMorgan Chase & Co. upped their price objective on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Barclays raised their price target on Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. BMO Capital Markets upped their price objective on shares of Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Argus dropped their price objective on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Finally, The Goldman Sachs Group lifted their target price on shares of Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $150.83.

Apollo Global Management Stock Down 0.0 %

APO stock opened at $164.31 on Friday. Apollo Global Management, Inc. has a 52 week low of $85.84 and a 52 week high of $168.67. The business has a 50-day simple moving average of $136.34 and a 200 day simple moving average of $122.15. 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 $93.58 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.70 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. Stockholders of record on Monday, November 18th will be issued a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a dividend 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 dividend 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.