Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. trimmed its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 22.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 283,881 shares of the financial services provider's stock after selling 83,233 shares during the quarter. Vaughan Nelson Investment Management L.P.'s holdings in Apollo Global Management were worth $35,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Capital Research Global Investors lifted its position in Apollo Global Management by 40.3% during the 1st quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider's stock worth $532,852,000 after acquiring an additional 1,360,525 shares during the period. Legal & General Group Plc lifted its holdings in shares of Apollo Global Management by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider's stock valued at $517,527,000 after buying an additional 126,859 shares during the period. TD Asset Management Inc lifted its holdings in shares of Apollo Global Management by 3.8% in the 2nd quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider's stock valued at $318,522,000 after buying an additional 97,797 shares during the period. Curated Wealth Partners LLC lifted its holdings in shares of Apollo Global Management by 200.3% in the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider's stock valued at $278,945,000 after buying an additional 4,717,661 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in shares of Apollo Global Management by 2.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,294,530 shares of the financial services provider's stock valued at $152,845,000 after buying an additional 37,070 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on APO. BMO Capital Markets raised their price target on Apollo Global Management from $138.00 to $157.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Barclays raised their price objective on Apollo Global Management from $148.00 to $174.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods raised their price objective on Apollo Global Management from $159.00 to $168.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Evercore ISI raised their price objective on Apollo Global Management from $150.00 to $174.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Finally, Citigroup raised their price target 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. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $150.83.

Apollo Global Management Trading Down 0.4 %

Shares of NYSE:APO traded down $0.68 during midday trading on Friday, reaching $163.63. The company's stock had a trading volume of 2,519,381 shares, compared to its average volume of 3,174,696. The firm has a market cap of $92.59 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.69 and a beta of 1.59. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 1 year low of $85.84 and a 1 year high of $168.67. The business has a 50 day moving average price of $137.45 and a 200 day moving average price of $122.61.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a $0.463 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.13%. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio (DPR) is presently 19.33%.

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.