BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Reduces Stake in Apollo Global Management, Inc. (NYSE:APO)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 12.7% during the third quarter, Holdings Channel reports. The firm owned 66,463 shares of the financial services provider’s stock after selling 9,706 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Apollo Global Management were worth $8,302,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Apollo Global Management in the second quarter valued at about $35,000. Compagnie Lombard Odier SCmA acquired a new stake in Apollo Global Management during the 3rd quarter valued at $35,000. Massmutual Trust Co. FSB ADV increased its position in Apollo Global Management by 293.2% during the second 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 in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Apollo Global Management in the third quarter worth $80,000. Finally, Mather Group LLC. lifted its position in shares of Apollo Global Management by 826.9% in the second 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 in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on APO. The Goldman Sachs Group upped their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Evercore ISI raised their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Redburn Atlantic started coverage on Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target for the company. Wells Fargo & Company raised their price objective on Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upped 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average target price of $155.05.

Apollo Global Management Stock Up 0.7 %

NYSE APO opened at $175.03 on Monday. The stock has a market cap of $99.04 billion, a PE ratio of 18.29, a P/E/G ratio of 1.81 and a beta of 1.59. The business has a 50 day moving average price of $148.51 and a two-hundred day moving average price of $126.73. Apollo Global Management, Inc. has a fifty-two week low of $88.58 and a fifty-two week high of $176.75. 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 company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a dividend of $0.463 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. This represents a $1.85 annualized dividend and a yield of 1.06%. Apollo Global Management’s payout ratio is 19.33%.

Apollo Global Management Company 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.