3,081 Shares in Apollo Global Management, Inc. (NYSE:APO) Acquired by GenTrust LLC

GenTrust LLC purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,081 shares of the financial services provider’s stock, valued at approximately $385,000.

Several other institutional investors also recently bought and sold shares of APO. Legal & General Group Plc lifted its holdings in shares of Apollo Global Management by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock valued at $517,527,000 after acquiring an additional 126,859 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Apollo Global Management by 3.8% in the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock worth $318,522,000 after buying an additional 97,797 shares during the period. Curated Wealth Partners LLC boosted its position in shares of Apollo Global Management by 200.3% in 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 buying an additional 4,717,661 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Apollo Global Management by 27.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock valued at $225,600,000 after buying an additional 383,557 shares during the period. Finally, 1832 Asset Management L.P. lifted its position in Apollo Global Management by 2.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,294,530 shares of the financial services provider’s stock worth $152,845,000 after acquiring an additional 37,070 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on APO shares. Wells Fargo & Company increased their price objective on shares of Apollo Global Management from $149.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $124.00 to $123.00 in a research note on Tuesday, August 6th. Keefe, Bruyette & Woods upped their price objective on shares of Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted their target price on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $155.05.

Apollo Global Management Stock Up 1.5 %

Shares of Apollo Global Management stock opened at $167.50 on Friday. The stock has a market capitalization of $94.77 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.74 and a beta of 1.59. Apollo Global Management, Inc. has a twelve month low of $88.58 and a twelve month high of $169.58. 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 business’s 50 day simple moving average is $143.02 and its 200-day simple moving average is $124.45.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a $0.463 dividend. The ex-dividend date is Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.11%. Apollo Global Management’s dividend payout ratio (DPR) is currently 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.