Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by Zions Bancorporation N.A.

Zions Bancorporation N.A. raised its holdings in Apollo Global Management, Inc. (NYSE:APO) by 237.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,335 shares of the financial services provider’s stock after purchasing an additional 3,754 shares during the quarter. Zions Bancorporation N.A.’s holdings in Apollo Global Management were worth $666,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new stake in Apollo Global Management in the third quarter valued at approximately $35,000. Cullen Frost Bankers Inc. purchased a new position in shares of Apollo Global Management in the second quarter valued at approximately $35,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Apollo Global Management by 293.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 346 shares in the last quarter. Orion Capital Management LLC increased its stake in Apollo Global Management by 20.0% during the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after buying an additional 100 shares during the period. Finally, Mather Group LLC. lifted its holdings in Apollo Global Management by 826.9% during the 2nd quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock worth $81,000 after buying an additional 645 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

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

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a $0.463 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.13%. The ex-dividend date is Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

Analyst Ratings Changes

A number of analysts have recently weighed in on APO shares. StockNews.com raised Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Tuesday. Redburn Atlantic assumed coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. Redburn Partners assumed coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets lifted their price objective 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. 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $150.83.

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.