Apollo Global Management, Inc. (NYSE:APO) is Prana Capital Management LP’s 10th Largest Position

Prana Capital Management LP boosted its holdings in Apollo Global Management, Inc. (NYSE:APO) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 541,658 shares of the financial services provider’s stock after purchasing an additional 48,181 shares during the period. Apollo Global Management comprises 3.1% of Prana Capital Management LP’s holdings, making the stock its 10th largest position. Prana Capital Management LP’s holdings in Apollo Global Management were worth $67,659,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Chicago Capital LLC increased its holdings in Apollo Global Management by 1.2% during the third quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock worth $709,000 after buying an additional 69 shares during the last quarter. Menard Financial Group LLC grew its position in shares of Apollo Global Management by 1.2% during the 3rd quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 71 shares during the period. Cyndeo Wealth Partners LLC increased its stake in shares of Apollo Global Management by 3.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 77 shares during the last quarter. Cigna Investments Inc. New raised its holdings in shares of Apollo Global Management by 1.8% in the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock worth $645,000 after purchasing an additional 90 shares during the period. Finally, Allworth Financial LP lifted its stake in Apollo Global Management by 14.3% in the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on APO shares. Redburn Atlantic started coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. Argus cut their target price on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Barclays boosted their price target on shares of Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. BMO Capital Markets lifted their price objective on shares of Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, Redburn Partners started coverage on Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $155.05.

Apollo Global Management Trading Up 0.4 %

NYSE APO opened at $173.00 on Wednesday. Apollo Global Management, Inc. has a twelve month low of $88.58 and a twelve month high of $176.75. The firm has a market capitalization of $97.89 billion, a PE ratio of 18.08, a P/E/G ratio of 1.78 and a beta of 1.63. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average is $149.45 and its 200 day moving average is $127.23.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a dividend of $0.463 per share. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is 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.