Apollo Global Management, Inc. (NYSE:APO) Holdings Lowered by Carmel Capital Partners LLC

Carmel Capital Partners LLC lowered its stake in Apollo Global Management, Inc. (NYSE:APO) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,489 shares of the financial services provider’s stock after selling 841 shares during the quarter. Apollo Global Management makes up 0.9% of Carmel Capital Partners LLC’s investment portfolio, making the stock its 18th largest holding. Carmel Capital Partners LLC’s holdings in Apollo Global Management were worth $2,309,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC boosted its stake in shares of Apollo Global Management by 60.1% during the 3rd quarter. Lindbrook Capital LLC now owns 3,399 shares of the financial services provider’s stock valued at $425,000 after buying an additional 1,276 shares during the period. Assetmark Inc. raised its stake in shares of Apollo Global Management by 2.8% in the 3rd quarter. Assetmark Inc. now owns 104,730 shares of the financial services provider’s stock valued at $13,082,000 after acquiring an additional 2,848 shares in the last quarter. Verdence Capital Advisors LLC acquired a new stake in Apollo Global Management in the 3rd quarter worth approximately $3,690,000. Pegasus Partners Ltd. bought a new stake in Apollo Global Management during the third quarter worth approximately $311,000. Finally, CWA Asset Management Group LLC acquired a new position in Apollo Global Management in the 3rd quarter valued at $438,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. TD Cowen increased their price objective on Apollo Global Management from $165.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays raised their target price on Apollo Global Management from $148.00 to $174.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley increased 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. Evercore ISI lifted their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Wolfe Research assumed coverage on shares of Apollo Global Management in a research note on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $150.83.

Apollo Global Management Stock Up 1.4 %

NYSE:APO opened at $162.00 on Friday. The stock has a market cap of $92.26 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.53 and a beta of 1.59. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average price of $132.07 and a two-hundred day moving average price of $120.70. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors 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 1.14%. The ex-dividend date is Monday, November 18th. Apollo Global Management’s payout ratio is currently 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.