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

Cozad Asset Management Inc. lessened its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 45.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,942 shares of the financial services provider’s stock after selling 4,163 shares during the period. Cozad Asset Management Inc.’s holdings in Apollo Global Management were worth $617,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in APO. Compagnie Lombard Odier SCmA acquired a new position in Apollo Global Management in the 3rd quarter valued at $35,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Apollo Global Management during the second quarter worth $35,000. J.Safra Asset Management Corp boosted its position in shares of Apollo Global Management by 709.3% in the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 305 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in shares of Apollo Global Management by 293.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 346 shares in the last quarter. Finally, Orion Capital Management LLC increased its position in Apollo Global Management by 20.0% during the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on APO shares. Redburn Partners started coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. The Goldman Sachs Group increased their target price on Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. BMO Capital Markets boosted their price target on Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $150.83.

Apollo Global Management Stock Performance

NYSE:APO opened at $159.88 on Friday. The stock’s 50-day moving average is $131.14 and its 200-day moving average is $120.34. The stock has a market cap of $91.06 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 1.53 and a beta of 1.59. Apollo Global Management, Inc. has a 1-year low of $83.88 and a 1-year high of $166.72. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a $0.463 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Monday, November 18th. Apollo Global Management’s dividend payout ratio is 19.72%.

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.