GenTrust LLC Takes $385,000 Position in Apollo Global Management, Inc. (NYSE:APO)

GenTrust LLC acquired a new position in Apollo Global Management, Inc. (NYSE:APO) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 3,081 shares of the financial services provider’s stock, valued at approximately $385,000.

Other large investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in shares of Apollo Global Management in the second quarter worth $35,000. Compagnie Lombard Odier SCmA acquired a new position in Apollo Global Management during the 3rd quarter valued at about $35,000. Massmutual Trust Co. FSB ADV increased its stake in Apollo Global Management by 293.2% during the 2nd 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. Prospera Private Wealth LLC bought a new stake in shares of Apollo Global Management during the 3rd quarter worth about $80,000. Finally, Mather Group LLC. lifted its stake 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 during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APO has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods upped their price objective on Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Argus decreased their target price on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. The Goldman Sachs Group boosted their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. One research 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.05.

Apollo Global Management Stock Up 1.5 %

Shares of Apollo Global Management stock opened at $167.50 on Friday. Apollo Global Management, Inc. has a 1 year low of $88.58 and a 1 year high of $169.58. The company has a market cap of $94.77 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.74 and a beta of 1.59. 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 stock has a 50-day moving average price of $143.02 and a 200 day moving average price of $124.45.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.11%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, November 18th. Apollo Global Management’s dividend 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.