Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Gilbert & Cook Inc.

Gilbert & Cook Inc. cut its position in Apollo Global Management, Inc. (NYSE:APO) by 21.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,985 shares of the financial services provider’s stock after selling 829 shares during the quarter. Gilbert & Cook Inc.’s holdings in Apollo Global Management were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of APO. Chicago Capital LLC grew its holdings in Apollo Global Management by 1.2% in the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock worth $709,000 after buying an additional 69 shares in the last quarter. Cyndeo Wealth Partners LLC increased its holdings in shares of 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 valued at $336,000 after purchasing an additional 77 shares during the period. Cigna Investments Inc. New raised its stake in shares of 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 valued at $645,000 after purchasing an additional 90 shares in 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 worth $91,000 after purchasing an additional 91 shares during the period. Finally, FineMark National Bank & Trust grew its position in Apollo Global Management by 2.4% in the 2nd quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock valued at $486,000 after buying an additional 98 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on APO shares. UBS Group raised shares of Apollo Global Management to a “hold” rating in a research note on Wednesday. The Goldman Sachs Group upped 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. TD Cowen lifted their price target on Apollo Global Management from $165.00 to $178.00 and gave the company 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 report on Tuesday, August 20th. Finally, Citigroup raised their target price on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus price target of $150.83.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $163.63 on Friday. The company’s fifty day moving average is $137.45 and its two-hundred day moving average is $122.61. The company has a market cap of $92.59 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 1.69 and a beta of 1.59. Apollo Global Management, Inc. has a 12-month low of $85.84 and a 12-month high of $168.67. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a yield of 1.13%. 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 payout ratio is presently 19.33%.

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.