Kovack Advisors Inc. Boosts Stake in Apollo Global Management, Inc. (NYSE:APO)

Kovack Advisors Inc. lifted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 8.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,404 shares of the financial services provider’s stock after acquiring an additional 275 shares during the quarter. Kovack Advisors Inc.’s holdings in Apollo Global Management were worth $425,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Apollo Global Management in the 2nd quarter valued at about $35,000. Compagnie Lombard Odier SCmA acquired a new stake in Apollo Global Management during the third quarter valued at approximately $35,000. Massmutual Trust Co. FSB ADV lifted its holdings in Apollo Global Management by 293.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after buying an additional 346 shares during the last quarter. Orion Capital Management LLC lifted its holdings in Apollo Global Management by 20.0% during the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after buying an additional 100 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in shares of Apollo Global Management by 826.9% in the 2nd quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 645 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Argus decreased their price target on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft lifted their target price on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company increased their price target on Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price objective on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group upped their price objective on Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $150.83.

Apollo Global Management Trading Down 0.0 %

Shares of APO opened at $164.31 on Friday. The stock’s fifty day simple moving average is $136.34 and its 200-day simple moving average is $122.15. 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 12-month low of $85.84 and a 12-month high of $168.67. The firm has a market capitalization of $93.58 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.70 and a beta of 1.59.

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 issued a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a 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 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.