Smithfield Trust Co Purchases 92 Shares of Apollo Global Management, Inc. (NYSE:APO)

Smithfield Trust Co increased its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 4.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,036 shares of the financial services provider’s stock after acquiring an additional 92 shares during the period. Smithfield Trust Co’s holdings in Apollo Global Management were worth $253,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of APO. Cullen Frost Bankers Inc. purchased a new stake in Apollo Global Management in the 2nd quarter valued at about $35,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Apollo Global Management during the third quarter valued at approximately $35,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Apollo Global Management by 293.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 346 shares during the period. Prospera Private Wealth LLC bought a new position in Apollo Global Management in the third quarter worth approximately $80,000. Finally, Mather Group LLC. increased its holdings in Apollo Global Management by 826.9% during the 2nd quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 645 shares during the period. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Price Performance

NYSE:APO opened at $165.02 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The company has a 50 day moving average price of $141.96 and a 200-day moving average price of $124.06. Apollo Global Management, Inc. has a 1-year low of $88.18 and a 1-year high of $169.15. The firm has a market cap of $93.37 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.74 and a beta of 1.59.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a $0.463 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.12%. 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%.

Analyst Ratings Changes

APO has been the topic of several research reports. Barclays raised their price target on Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods boosted their price target 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. Morgan Stanley upped 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 research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their price objective on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and a consensus price target 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.