Cornercap Investment Counsel Inc. Sells 2,560 Shares of Apollo Global Management, Inc. (NYSE:APO)

Cornercap Investment Counsel Inc. cut its stake in Apollo Global Management, Inc. (NYSE:APO) by 27.8% in the third quarter, HoldingsChannel.com reports. The fund owned 6,646 shares of the financial services provider’s stock after selling 2,560 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Apollo Global Management were worth $830,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new stake in Apollo Global Management during the second quarter valued at approximately $35,000. Compagnie Lombard Odier SCmA bought a new stake in Apollo Global Management during the third quarter valued at approximately $35,000. Massmutual Trust Co. FSB ADV grew 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 valued at $55,000 after buying an additional 346 shares during the period. Orion Capital Management LLC grew its position in Apollo Global Management by 20.0% during the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after buying an additional 100 shares during the period. Finally, Mather Group LLC. grew its position in Apollo Global Management by 826.9% during the second quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock valued at $81,000 after buying an additional 645 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays lifted their price target on shares of Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. UBS Group raised shares of Apollo Global Management to a “hold” rating in a report on Wednesday. StockNews.com raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a report on Tuesday. TD Cowen lifted their price target 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. Finally, Redburn Partners assumed coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.83.

Apollo Global Management Trading Down 0.4 %

NYSE APO opened at $163.60 on Friday. The company’s 50-day moving average price is $137.45 and its 200-day moving average price is $122.51. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market cap of $93.18 billion, a PE ratio of 17.10, a PEG ratio of 1.70 and a beta of 1.59. Apollo Global Management, Inc. has a 12 month low of $85.84 and a 12 month high of $168.67.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a $0.463 dividend. The ex-dividend date is Monday, November 18th. 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 dividend yield of 1.13%. Apollo Global Management’s dividend payout ratio is presently 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.