Prime Capital Investment Advisors LLC Has $1.32 Million Position in Apollo Global Management, Inc. (NYSE:APO)

Prime Capital Investment Advisors LLC lowered its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 28.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,592 shares of the financial services provider's stock after selling 4,114 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Apollo Global Management were worth $1,323,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Chicago Capital LLC grew its stake in Apollo Global Management by 1.2% in the third quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider's stock valued at $709,000 after purchasing an additional 69 shares in the last quarter. Cyndeo Wealth Partners LLC grew its stake in shares of Apollo Global Management by 3.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider's stock valued at $336,000 after buying an additional 77 shares in the last quarter. Cigna Investments Inc. New grew its stake in shares of Apollo Global Management by 1.8% in the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider's stock valued at $645,000 after buying an additional 90 shares in the last quarter. Allworth Financial LP increased its holdings in Apollo Global Management by 14.3% during the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider's stock worth $91,000 after buying an additional 91 shares during the last quarter. Finally, FineMark National Bank & Trust raised 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 worth $486,000 after acquiring an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Price Performance

APO stock traded down $0.71 during mid-day trading on Friday, hitting $163.60. The stock had a trading volume of 2,518,956 shares, compared to its average volume of 2,654,960. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $93.18 billion, a P/E ratio of 17.10, a P/E/G ratio of 1.70 and a beta of 1.59. The firm has a fifty 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.

Apollo Global Management Increases Dividend

The firm also recently announced 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 dividend yield of 1.13%. The ex-dividend date is Monday, November 18th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio (DPR) is currently 19.33%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective 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. Deutsche Bank Aktiengesellschaft boosted their price target on Apollo Global Management from $141.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Argus cut their price objective on Apollo Global Management from $135.00 to $125.00 and set a "buy" rating for the company in a research report on Tuesday, August 20th. UBS Group raised Apollo Global Management to a "hold" rating in a report on Wednesday. Finally, Wells Fargo & Company raised their price target on Apollo Global Management from $149.00 to $164.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $150.83.

Apollo Global Management Company 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.