Assetmark Inc. Buys 2,848 Shares of Apollo Global Management, Inc. (NYSE:APO)

Assetmark Inc. lifted its stake in Apollo Global Management, Inc. (NYSE:APO) by 2.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 104,730 shares of the financial services provider’s stock after acquiring an additional 2,848 shares during the period. Assetmark Inc.’s holdings in Apollo Global Management were worth $13,082,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Verdence Capital Advisors LLC acquired a new position in Apollo Global Management during the third quarter valued at approximately $3,690,000. Pegasus Partners Ltd. bought a new stake in shares of Apollo Global Management during the 3rd quarter worth $311,000. CWA Asset Management Group LLC acquired a new position in Apollo Global Management in the 3rd quarter valued at $438,000. Leavell Investment Management Inc. raised its holdings in Apollo Global Management by 4.8% in the 3rd quarter. Leavell Investment Management Inc. now owns 4,400 shares of the financial services provider’s stock worth $550,000 after acquiring an additional 200 shares during the period. Finally, TFB Advisors LLC lifted its position in Apollo Global Management by 6.2% during the 3rd quarter. TFB Advisors LLC now owns 19,028 shares of the financial services provider’s stock worth $2,377,000 after acquiring an additional 1,109 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Redburn Partners initiated coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective on the stock. Wells Fargo & Company upped their price target on Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Citigroup raised their price objective on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Finally, BMO Capital Markets raised their price target on shares of Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.83.

Apollo Global Management Trading Up 1.4 %

Shares of APO opened at $162.00 on Monday. The stock has a 50 day simple moving average of $132.07 and a 200-day simple moving average of $120.80. 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 market cap of $92.26 billion, a PE ratio of 16.93, a PEG ratio of 1.80 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.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a $0.463 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, November 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s payout ratio is currently 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.