Swiss National Bank Purchases 4,600 Shares of Apollo Global Management, Inc. (NYSE:APO)

Swiss National Bank lifted its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 0.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,182,214 shares of the financial services provider's stock after purchasing an additional 4,600 shares during the quarter. Swiss National Bank owned 0.21% of Apollo Global Management worth $147,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APO. Curated Wealth Partners LLC increased its stake in Apollo Global Management by 200.3% during the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider's stock valued at $278,945,000 after acquiring an additional 4,717,661 shares during the period. Capital Research Global Investors lifted its holdings in Apollo Global Management by 40.3% during the 1st quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider's stock worth $532,852,000 after buying an additional 1,360,525 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Apollo Global Management in the 2nd quarter valued at $62,972,000. 1832 Asset Management L.P. lifted its stake in shares of Apollo Global Management by 66.0% in the 1st quarter. 1832 Asset Management L.P. now owns 1,257,460 shares of the financial services provider's stock valued at $141,401,000 after purchasing an additional 499,930 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Apollo Global Management by 74.5% in the 2nd quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider's stock valued at $112,836,000 after buying an additional 408,105 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on APO. The Goldman Sachs Group upped their price objective on shares of Apollo Global Management from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Redburn Atlantic initiated coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a "buy" rating and a $153.00 price target on the stock. Redburn Partners initiated coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a "buy" rating and a $153.00 target price for the company. TD Cowen upped their price target on shares of Apollo Global Management from $165.00 to $178.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley increased their price target on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management currently has an average rating of "Moderate Buy" and a consensus price target of $150.83.

Apollo Global Management Stock Up 0.7 %

Shares of APO stock traded up $1.17 on Monday, hitting $164.34. 2,977,023 shares of the stock were exchanged, compared to its average volume of 2,656,407. The business has a 50-day moving average of $138.59 and a 200 day moving average of $123.09. Apollo Global Management, Inc. has a fifty-two week low of $86.21 and a fifty-two week high of $168.67. 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 firm has a market capitalization of $92.99 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 1.69 and a beta of 1.59.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid 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 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%.

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.