Zurcher Kantonalbank Zurich Cantonalbank Sells 2,904 Shares of Apollo Global Management, Inc. (NYSE:APO)

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,854 shares of the financial services provider’s stock after selling 2,904 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Apollo Global Management were worth $18,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of APO. Tidal Investments LLC lifted its holdings in shares of Apollo Global Management by 9.2% during the 1st quarter. Tidal Investments LLC now owns 16,093 shares of the financial services provider’s stock worth $1,810,000 after acquiring an additional 1,360 shares during the last quarter. Swedbank AB bought a new stake in Apollo Global Management during the first quarter worth about $5,800,000. PGGM Investments purchased a new position in shares of Apollo Global Management in the 1st quarter worth about $840,000. Cetera Investment Advisers increased its position in shares of Apollo Global Management by 404.4% during the 1st quarter. Cetera Investment Advisers now owns 49,561 shares of the financial services provider’s stock valued at $5,573,000 after purchasing an additional 39,735 shares during the last quarter. Finally, Cetera Advisors LLC raised its holdings in shares of Apollo Global Management by 415.2% during the 1st quarter. Cetera Advisors LLC now owns 13,875 shares of the financial services provider’s stock valued at $1,560,000 after buying an additional 11,182 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 0.7 %

Shares of Apollo Global Management stock opened at $175.08 on Friday. The company’s fifty day simple moving average is $147.50 and its two-hundred day simple moving average is $126.17. Apollo Global Management, Inc. has a 12-month low of $88.58 and a 12-month high of $176.75. 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 company has a market cap of $99.06 billion, a P/E ratio of 18.29, a PEG ratio of 1.79 and a beta of 1.59.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a $0.463 dividend. 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 yield of 1.06%. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management’s dividend payout ratio is presently 19.33%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on APO. Wolfe Research assumed coverage on Apollo Global Management in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 target price for the company. Wells Fargo & Company increased their target price on shares of Apollo Global Management from $149.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Citigroup boosted their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Bank of America raised Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $155.05.

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.