B. Metzler seel. Sohn & Co. Holding AG Acquires New Holdings in Apollo Global Management, Inc. (NYSE:APO)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Apollo Global Management, Inc. (NYSE:APO) in the 3rd quarter, Holdings Channel reports. The firm purchased 17,009 shares of the financial services provider’s stock, valued at approximately $2,125,000.

Several other institutional investors also recently modified their holdings of the stock. Compagnie Lombard Odier SCmA bought a new stake in Apollo Global Management during the 3rd quarter worth $35,000. Cullen Frost Bankers Inc. bought a new stake in shares of Apollo Global Management during the second quarter worth about $35,000. Massmutual Trust Co. FSB ADV increased its stake 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 buying an additional 346 shares during the period. Mather Group LLC. raised its holdings in Apollo Global Management by 826.9% in the 2nd quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock valued at $81,000 after buying an additional 645 shares during the last quarter. Finally, Allworth Financial LP boosted its position in Apollo Global Management by 14.3% during the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock worth $91,000 after buying an additional 91 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

APO has been the subject of several recent research reports. Barclays upped their price target on shares of Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Redburn Partners assumed coverage on 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. Keefe, Bruyette & Woods upped their price target on Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Bank of America upgraded Apollo Global Management from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $124.00 to $123.00 in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company upped their target price on Apollo Global Management from $149.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.05.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $165.02 on Friday. The business has a 50-day simple moving average of $141.96 and a 200 day simple moving average of $124.06. Apollo Global Management, Inc. has a one year low of $88.18 and a one year high of $169.15. 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 firm has a market capitalization of $93.37 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.74 and a beta of 1.59.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, November 18th. Apollo Global Management’s dividend payout ratio is presently 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.