Cozad Asset Management Inc. Invests $1.08 Million in Apollo Global Management, Inc. (NYSE:APO)

Cozad Asset Management Inc. bought a new stake in Apollo Global Management, Inc. (NYSE:APO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,105 shares of the financial services provider’s stock, valued at approximately $1,075,000.

Other institutional investors also recently modified their holdings of the company. DSM Capital Partners LLC acquired a new position in Apollo Global Management in the 4th quarter valued at about $31,000. True Wealth Design LLC acquired a new stake in Apollo Global Management in the fourth quarter valued at approximately $33,000. Vestmark Advisory Solutions Inc. bought a new stake in Apollo Global Management during the 4th quarter worth $36,000. Carolinas Wealth Consulting LLC bought a new stake in shares of Apollo Global Management during the fourth quarter worth about $38,000. Finally, J.Safra Asset Management Corp grew its holdings in Apollo Global Management by 709.3% during the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 305 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Redburn Partners initiated coverage on Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. Redburn Atlantic started coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. Evercore ISI raised their target price on Apollo Global Management from $128.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, Argus cut their target price on 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.19.

Apollo Global Management Price Performance

APO opened at $109.52 on Thursday. Apollo Global Management, Inc. has a fifty-two week low of $77.11 and a fifty-two week high of $126.45. The firm has a 50-day moving average of $114.87 and a 200 day moving average of $113.46. 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 firm has a market cap of $62.22 billion, a P/E ratio of 12.13, a PEG ratio of 1.19 and a beta of 1.59.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $873.18 million. During the same period in the prior year, the company earned $1.54 earnings per share. On average, research analysts expect that Apollo Global Management, Inc. will post 6.68 EPS for the current year.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management’s dividend payout ratio is currently 20.49%.

Insiders Place Their Bets

In other news, Director Pauline Richards purchased 2,351 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $104.92 per share, with a total value of $246,666.92. Following the transaction, the director now directly owns 85,854 shares of the company’s stock, valued at $9,007,801.68. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.