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

Kovack Advisors Inc. boosted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 8.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,404 shares of the financial services provider’s stock after purchasing an additional 275 shares during the period. Kovack Advisors Inc.’s holdings in Apollo Global Management were worth $425,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Curated Wealth Partners LLC lifted its holdings in shares of Apollo Global Management by 200.3% during the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after purchasing an additional 4,717,661 shares during the period. Capital Research Global Investors lifted its stake in Apollo Global Management by 40.3% during the 1st quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after acquiring an additional 1,360,525 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of Apollo Global Management in the second quarter worth $62,972,000. 1832 Asset Management L.P. raised its holdings in shares of Apollo Global Management by 66.0% during the first quarter. 1832 Asset Management L.P. now owns 1,257,460 shares of the financial services provider’s stock worth $141,401,000 after purchasing an additional 499,930 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Apollo Global Management by 74.5% during the second quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider’s stock valued at $112,836,000 after purchasing an additional 408,105 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on APO shares. Barclays lifted their price objective on Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Citigroup boosted their price target on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Evercore ISI boosted 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 note on Wednesday, November 6th. Redburn Atlantic started coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. Finally, TD Cowen lifted their price objective on shares of Apollo Global Management from $165.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.83.

Apollo Global Management Stock Performance

Shares of APO opened at $164.31 on Friday. Apollo Global Management, Inc. has a 1 year low of $85.84 and a 1 year high of $168.67. The company’s 50 day simple moving average is $136.34 and its 200 day simple moving average is $122.15. The company has a market capitalization of $93.58 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.70 and a beta of 1.59. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a dividend of $0.463 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.85 annualized dividend and a yield of 1.13%. Apollo Global Management’s dividend 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.