Smithfield Trust Co Has $253,000 Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Smithfield Trust Co grew its stake in Apollo Global Management, Inc. (NYSE:APO) by 4.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,036 shares of the financial services provider’s stock after buying an additional 92 shares during the quarter. Smithfield Trust Co’s holdings in Apollo Global Management were worth $253,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in APO. Compagnie Lombard Odier SCmA bought a new stake in shares of Apollo Global Management in the third quarter worth $35,000. Cullen Frost Bankers Inc. bought a new stake in Apollo Global Management during the 2nd quarter worth about $35,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of 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 worth $55,000 after buying an additional 346 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Apollo Global Management during the 3rd quarter worth about $80,000. Finally, Mather Group LLC. grew 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 valued at $81,000 after acquiring an additional 645 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Up 1.3 %

NYSE:APO opened at $165.02 on Friday. The stock has a market cap of $93.37 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.74 and a beta of 1.59. 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 52 week low of $88.18 and a 52 week high of $169.15. The company’s 50 day moving average price is $141.96 and its 200-day moving average price is $124.06.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.463 per share. The ex-dividend date of this dividend is Monday, November 18th. This is a boost 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 1.12%. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on APO. Redburn Atlantic began coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a report on Wednesday. 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 target for the company. Finally, Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. One investment 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’s stock. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.05.

Apollo Global Management Company 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.