Crossmark Global Holdings Inc. Has $438,000 Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Crossmark Global Holdings Inc. trimmed its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 20.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,509 shares of the financial services provider’s stock after selling 925 shares during the period. Crossmark Global Holdings Inc.’s holdings in Apollo Global Management were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Capital Research Global Investors lifted its position in shares of Apollo Global Management by 40.3% in the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock worth $532,852,000 after purchasing an additional 1,360,525 shares in the last quarter. Legal & General Group Plc lifted its position in Apollo Global Management by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock worth $517,527,000 after buying an additional 126,859 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Apollo Global Management by 3.8% during the 2nd quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock valued at $318,522,000 after buying an additional 97,797 shares during the period. Curated Wealth Partners LLC grew its holdings in shares of Apollo Global Management by 200.3% during the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock valued at $278,945,000 after acquiring an additional 4,717,661 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in shares of Apollo Global Management by 2.9% during the second quarter. 1832 Asset Management L.P. now owns 1,294,530 shares of the financial services provider’s stock worth $152,845,000 after acquiring an additional 37,070 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Stock Down 0.4 %

NYSE APO opened at $163.63 on Friday. Apollo Global Management, Inc. has a 1-year low of $85.84 and a 1-year high of $168.67. 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’s 50 day moving average is $137.45 and its two-hundred day moving average is $122.61. The company has a market capitalization of $92.58 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.70 and a beta of 1.59.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.463 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.13%. The ex-dividend date is Monday, November 18th. Apollo Global Management’s dividend payout ratio is currently 19.33%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on APO shares. Bank of America raised Apollo Global Management from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $124.00 to $123.00 in a research report on Tuesday, August 6th. Morgan Stanley boosted their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Redburn Partners initiated coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. TD Cowen upped their price objective on shares of Apollo Global Management from $165.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets raised their target price on Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.83.

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.