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

Sumitomo Mitsui Trust Group Inc. raised its position in Apollo Global Management, Inc. (NYSE:APO) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 951,790 shares of the financial services provider’s stock after acquiring an additional 12,816 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Apollo Global Management were worth $118,888,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Chicago Capital LLC increased its holdings in shares of Apollo Global Management by 1.2% in the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock valued at $709,000 after acquiring an additional 69 shares during the last quarter. Cyndeo Wealth Partners LLC boosted 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 purchasing an additional 77 shares in the last quarter. Cigna Investments Inc. New increased 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 valued at $645,000 after purchasing an additional 90 shares during the last quarter. Allworth Financial LP raised its holdings in Apollo Global Management by 14.3% during the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 91 shares in the last quarter. Finally, FineMark National Bank & Trust lifted its position in shares of Apollo Global Management by 2.4% during the 2nd quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock worth $486,000 after buying an additional 98 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APO has been the topic of several research analyst reports. UBS Group lifted their price target on shares of Apollo Global Management from $117.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their target price on Apollo Global Management from $149.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Wolfe Research assumed coverage on Apollo Global Management in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 target price for the company. 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, StockNews.com raised Apollo Global Management from a “sell” rating to a “hold” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.83.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $164.38 on Thursday. Apollo Global Management, Inc. has a 52 week low of $85.84 and a 52 week high of $168.67. The company has a 50-day moving average price of $135.23 and a 200 day moving average price of $121.85. The company has a market cap of $93.62 billion, a P/E ratio of 17.18, a PEG ratio of 1.70 and a beta of 1.59. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a $0.463 dividend. 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. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.13%. Apollo Global Management’s payout ratio 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.