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

Zions Bancorporation N.A. boosted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 237.4% during the third quarter, HoldingsChannel.com reports. The firm owned 5,335 shares of the financial services provider’s stock after acquiring an additional 3,754 shares during the period. Zions Bancorporation N.A.’s holdings in Apollo Global Management were worth $666,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in APO. Capital Research Global Investors boosted its stake in shares of Apollo Global Management by 40.3% in the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after purchasing an additional 1,360,525 shares during the period. Legal & General Group Plc increased its holdings in shares of Apollo Global Management by 3.0% during the second quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock valued at $517,527,000 after purchasing an additional 126,859 shares during the period. TD Asset Management Inc raised its holdings in Apollo Global Management by 3.8% during 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 purchasing an additional 97,797 shares in the last quarter. Curated Wealth Partners LLC lifted its holdings in Apollo Global Management by 200.3% in the 2nd 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 last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of Apollo Global Management by 2.9% in 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 during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Trading Down 0.4 %

NYSE:APO opened at $163.60 on Friday. Apollo Global Management, Inc. has a 12 month low of $85.84 and a 12 month high of $168.67. The company has a 50-day moving average price of $137.45 and a 200-day moving average price of $122.51. 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 stock has a market cap of $93.18 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 1.70 and a beta of 1.59.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a $0.463 dividend. This represents a $1.85 annualized dividend and a dividend 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 payout ratio is currently 19.33%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. UBS Group upgraded Apollo Global Management to a “hold” rating in a research note on Wednesday. Redburn Partners began coverage on Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. Citigroup raised their price objective on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.