Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 951,790 shares of the financial services provider's stock after buying an additional 12,816 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.17% of Apollo Global Management worth $118,888,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Chicago Capital LLC grew its stake in Apollo Global Management by 1.2% during the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider's stock worth $709,000 after purchasing an additional 69 shares in the last quarter. Cyndeo Wealth Partners LLC raised its holdings in Apollo Global Management by 3.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider's stock valued at $336,000 after acquiring an additional 77 shares in the last quarter. Cigna Investments Inc. New lifted its stake in Apollo Global Management by 1.8% in the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider's stock worth $645,000 after acquiring an additional 90 shares during the last quarter. Allworth Financial LP increased its position in shares of Apollo Global Management by 14.3% in the 3rd 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. Finally, FineMark National Bank & Trust raised its holdings in shares of Apollo Global Management by 2.4% in the 2nd quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider's stock valued at $486,000 after purchasing an additional 98 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Wall Street Analyst Weigh In

APO has been the subject of a number of recent analyst reports. Redburn Partners started coverage on Apollo Global Management in a report on Tuesday, August 27th. They set a "buy" rating and a $153.00 price target for the company. Wolfe Research began coverage on shares of Apollo Global Management in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $139.00 price objective for the company. UBS Group upped their target price on Apollo Global Management from $117.00 to $150.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Bank of America raised Apollo Global Management from a "neutral" rating to a "buy" rating and cut their price target for the stock from $124.00 to $123.00 in a research report on Tuesday, August 6th. Finally, Keefe, Bruyette & Woods increased their price objective on Apollo Global Management from $159.00 to $168.00 and gave the company an "outperform" rating in a 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.83.

Apollo Global Management Trading Down 0.2 %

Shares of APO stock traded down $0.35 on Thursday, reaching $163.99. 1,354,813 shares of the stock were exchanged, compared to its average volume of 2,646,514. 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 has a market cap of $93.40 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.70 and a beta of 1.59. The firm has a 50 day moving average of $135.23 and a two-hundred day moving average of $121.85. Apollo Global Management, Inc. has a 1-year low of $85.84 and a 1-year high of $168.67.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Monday, November 18th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio is 19.33%.

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.