Swiss National Bank Has $147.67 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Swiss National Bank raised its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,182,214 shares of the financial services provider’s stock after purchasing an additional 4,600 shares during the quarter. Swiss National Bank’s holdings in Apollo Global Management were worth $147,670,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new position in shares of Apollo Global Management in the 3rd quarter worth approximately $35,000. Cullen Frost Bankers Inc. acquired a new position in shares of Apollo Global Management in the 2nd quarter worth approximately $35,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Apollo Global Management by 293.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 346 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of Apollo Global Management by 826.9% in the 2nd quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 645 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Apollo Global Management by 14.3% in the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 91 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on APO. Keefe, Bruyette & Woods boosted their target price on Apollo Global Management from $159.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. BMO Capital Markets upped their price objective on Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Evercore ISI upped their price objective on Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. 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 on the stock. Finally, Bank of America raised Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $124.00 to $123.00 in a report on Tuesday, August 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.83.

Apollo Global Management Price Performance

APO opened at $163.63 on Monday. 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, Inc. has a 12 month low of $85.84 and a 12 month high of $168.67. The company has a fifty day simple moving average of $137.45 and a 200 day simple moving average of $122.72. The stock has a market cap of $92.59 billion, a P/E ratio of 17.10, a P/E/G ratio of 1.69 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. Investors 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 1.13%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is currently 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.