Cozad Asset Management Inc. Sells 4,163 Shares of Apollo Global Management, Inc. (NYSE:APO)

Cozad Asset Management Inc. trimmed its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 45.7% in the third quarter, Holdings Channel.com reports. The fund owned 4,942 shares of the financial services provider’s stock after selling 4,163 shares during the quarter. Cozad Asset Management Inc.’s holdings in Apollo Global Management were worth $617,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Chicago Capital LLC raised its holdings in Apollo Global Management by 1.2% during the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock worth $709,000 after purchasing an additional 69 shares during the last quarter. Cyndeo Wealth Partners LLC raised its stake in Apollo Global Management by 3.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock worth $336,000 after buying an additional 77 shares during the last quarter. Cigna Investments Inc. New raised its stake in Apollo Global Management by 1.8% during the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock worth $645,000 after buying an additional 90 shares during the last quarter. Allworth Financial LP lifted its holdings in Apollo Global Management by 14.3% in the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock valued at $91,000 after buying an additional 91 shares during the period. Finally, FineMark National Bank & Trust boosted its position in Apollo Global Management by 2.4% during the second quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock valued at $486,000 after acquiring an additional 98 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

NYSE APO opened at $159.88 on Friday. The company has a fifty day moving average price of $131.14 and a 200-day moving average price of $120.34. The firm has a market cap of $91.06 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.53 and a beta of 1.59. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. 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 company 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 is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, November 18th. This represents a $1.85 annualized dividend and a yield of 1.16%. Apollo Global Management’s dividend payout ratio (DPR) is 19.72%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wolfe Research started coverage on Apollo Global Management in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price objective for the company. Redburn Partners initiated coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. BMO Capital Markets increased 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. Morgan Stanley lifted 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.83.

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.