Advisors Asset Management Inc. Purchases 4,941 Shares of Apollo Global Management, Inc. (NYSE:APO)

Advisors Asset Management Inc. lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 34.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,441 shares of the financial services provider’s stock after purchasing an additional 4,941 shares during the period. Advisors Asset Management Inc.’s holdings in Apollo Global Management were worth $2,428,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EP Wealth Advisors LLC grew its holdings in shares of Apollo Global Management by 12.4% during the first quarter. EP Wealth Advisors LLC now owns 3,190 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 353 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Apollo Global Management by 116.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 229,359 shares of the financial services provider’s stock worth $25,791,000 after acquiring an additional 123,559 shares during the last quarter. BOKF NA increased its position in Apollo Global Management by 60.0% in the 1st quarter. BOKF NA now owns 5,896 shares of the financial services provider’s stock valued at $663,000 after acquiring an additional 2,210 shares during the period. Bamco Inc. NY raised its stake in shares of Apollo Global Management by 348.3% during the first quarter. Bamco Inc. NY now owns 103,107 shares of the financial services provider’s stock valued at $11,594,000 after acquiring an additional 80,107 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of Apollo Global Management during the first quarter worth $628,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $167.56 on Friday. The stock’s 50 day moving average is $143.02 and its 200-day moving average is $124.53. Apollo Global Management, Inc. has a twelve month low of $88.58 and a twelve month high of $169.58. 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 firm has a market capitalization of $94.81 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.70 and a beta of 1.59.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.11%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is 19.33%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wells Fargo & Company raised their target price on Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Citigroup raised their price objective on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Redburn Atlantic initiated coverage on Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. BMO Capital Markets boosted their price target on shares of Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley upped their price objective 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.05.

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.