Bank of Montreal Can Has $97.95 Million Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Bank of Montreal Can boosted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 2.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 778,544 shares of the financial services provider's stock after acquiring an additional 15,596 shares during the quarter. Bank of Montreal Can owned 0.14% of Apollo Global Management worth $97,949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Apollo Global Management during the second quarter worth $35,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management during the 3rd quarter valued at about $35,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Apollo Global Management by 293.2% in the 2nd 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 in the last quarter. Prospera Private Wealth LLC acquired a new position in Apollo Global Management in the third quarter worth approximately $80,000. Finally, Mather Group LLC. raised 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 acquiring an additional 645 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Price Performance

Shares of APO traded up $0.19 during mid-day trading on Wednesday, hitting $175.83. 71,594 shares of the company traded hands, compared to its average volume of 2,702,243. The stock has a market capitalization of $99.49 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.80 and a beta of 1.59. 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 has a 50-day moving average of $144.17 and a 200 day moving average of $125.05. Apollo Global Management, Inc. has a one year low of $88.58 and a one year high of $176.75.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a $0.463 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, November 18th. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio (DPR) is 19.33%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on APO. Deutsche Bank Aktiengesellschaft increased 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. Wells Fargo & Company increased 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, November 6th. Bank of America raised Apollo Global Management from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $124.00 to $123.00 in a research report on Tuesday, August 6th. StockNews.com lowered Apollo Global Management from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th. Finally, Argus reduced their target price 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $155.05.

About Apollo Global Management

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.