Seelaus Asset Management LLC Sells 425 Shares of Apollo Global Management, Inc. (NYSE:APO)

Seelaus Asset Management LLC lessened its position in Apollo Global Management, Inc. (NYSE:APO) by 7.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,935 shares of the financial services provider’s stock after selling 425 shares during the period. Seelaus Asset Management LLC’s holdings in Apollo Global Management were worth $616,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Empowered Funds LLC lifted its position in shares of Apollo Global Management by 145.3% during the 3rd quarter. Empowered Funds LLC now owns 38,874 shares of the financial services provider’s stock valued at $4,856,000 after buying an additional 23,024 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Apollo Global Management by 4.9% in the third quarter. CIBC Asset Management Inc now owns 19,094 shares of the financial services provider’s stock valued at $2,385,000 after acquiring an additional 899 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in Apollo Global Management by 4.7% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,394 shares of the financial services provider’s stock valued at $1,548,000 after acquiring an additional 562 shares during the last quarter. Metis Global Partners LLC increased its position in shares of Apollo Global Management by 8.7% during the third quarter. Metis Global Partners LLC now owns 10,186 shares of the financial services provider’s stock worth $1,272,000 after acquiring an additional 819 shares during the period. Finally, Zions Bancorporation N.A. raised its holdings in shares of Apollo Global Management by 237.4% in the 3rd quarter. Zions Bancorporation N.A. now owns 5,335 shares of the financial services provider’s stock valued at $666,000 after purchasing an additional 3,754 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Stock Performance

Shares of APO stock opened at $163.60 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 company has a 50-day simple moving average of $137.45 and a 200 day simple moving average of $122.51. 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 capitalization of $93.18 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.70 and a beta of 1.59.

Apollo Global Management Increases Dividend

The company also recently announced 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 is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.13%. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on APO shares. Wolfe Research began coverage on Apollo Global Management in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 target price for the company. BMO Capital Markets upped their price objective on Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Wells Fargo & Company upped their target price on shares of Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their target price on Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Morgan Stanley raised their price target on Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.83.

About Apollo Global Management

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.