Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Carmel Capital Partners LLC

Carmel Capital Partners LLC lessened its holdings in Apollo Global Management, Inc. (NYSE:APO) by 4.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,489 shares of the financial services provider’s stock after selling 841 shares during the quarter. Apollo Global Management accounts for about 0.9% of Carmel Capital Partners LLC’s holdings, making the stock its 18th biggest position. Carmel Capital Partners LLC’s holdings in Apollo Global Management were worth $2,309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new stake in Apollo Global Management in the 2nd quarter valued at about $35,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Apollo Global Management during the third quarter valued at approximately $35,000. J.Safra Asset Management Corp boosted its position in Apollo Global Management by 709.3% in the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock valued at $39,000 after buying an additional 305 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings 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 worth $55,000 after purchasing an additional 346 shares during the last quarter. Finally, Orion Capital Management LLC increased its holdings in Apollo Global Management by 20.0% during the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

APO has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Barclays boosted their price objective on shares of Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped 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. Finally, BMO Capital Markets raised their price target on Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $150.83.

Apollo Global Management Stock Up 1.4 %

Shares of APO stock opened at $162.00 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $92.26 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 1.53 and a beta of 1.59. The business’s fifty day moving average is $132.07 and its 200-day moving average is $120.70. Apollo Global Management, Inc. has a 1 year low of $83.88 and a 1 year high of $166.72.

Apollo Global Management Increases Dividend

The firm 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 dividend on an annualized basis and a yield of 1.14%. 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 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.