Farther Finance Advisors LLC Lowers Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Farther Finance Advisors LLC lowered its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 18.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,648 shares of the financial services provider’s stock after selling 373 shares during the period. Farther Finance Advisors LLC’s holdings in Apollo Global Management were worth $206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stephens Inc. AR grew its position in shares of Apollo Global Management by 2.3% during the 3rd quarter. Stephens Inc. AR now owns 143,399 shares of the financial services provider’s stock valued at $17,912,000 after purchasing an additional 3,213 shares in the last quarter. Cigna Investments Inc. New boosted its stake in Apollo Global Management by 1.8% during the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock valued at $645,000 after buying an additional 90 shares during the period. O ROURKE & COMPANY Inc grew its position in Apollo Global Management by 2.3% during the third quarter. O ROURKE & COMPANY Inc now owns 27,741 shares of the financial services provider’s stock worth $3,465,000 after buying an additional 629 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in Apollo Global Management by 21.6% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 7,667 shares of the financial services provider’s stock worth $958,000 after acquiring an additional 1,360 shares during the last quarter. Finally, Great Diamond Partners LLC purchased a new stake in shares of Apollo Global Management in the 3rd quarter valued at about $537,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Up 1.4 %

NYSE:APO opened at $162.00 on Friday. The firm has a market capitalization of $92.26 billion, a P/E ratio of 16.93, a P/E/G ratio of 1.80 and a beta of 1.59. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average of $132.07 and a 200 day moving average of $120.75. Apollo Global Management, Inc. has a 52 week low of $83.88 and a 52 week high of $166.72.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.14%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, November 18th. Apollo Global Management’s dividend payout ratio is 19.33%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on APO shares. Argus cut their price objective on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. TD Cowen increased their price target on shares of Apollo Global Management from $165.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday. 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 objective for the company. Wells Fargo & Company upped their target price on shares of Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $150.83.

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.