Nordwand Advisors LLC Takes Position in Apollo Global Management Inc. $APO

Nordwand Advisors LLC acquired a new stake in Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,274 shares of the financial services provider’s stock, valued at approximately $323,000.

Other institutional investors have also recently bought and sold shares of the company. True North Advisors LLC acquired a new stake in shares of Apollo Global Management during the first quarter worth $2,097,000. Goldman Sachs Group Inc. boosted its holdings in Apollo Global Management by 24.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider’s stock worth $490,482,000 after buying an additional 706,181 shares during the last quarter. Woodline Partners LP grew its position in shares of Apollo Global Management by 40.7% during the 1st quarter. Woodline Partners LP now owns 37,764 shares of the financial services provider’s stock worth $5,171,000 after buying an additional 10,920 shares during the period. Jump Financial LLC increased its stake in shares of Apollo Global Management by 573.4% in the 1st quarter. Jump Financial LLC now owns 70,393 shares of the financial services provider’s stock valued at $9,640,000 after acquiring an additional 59,939 shares during the last quarter. Finally, Bain Capital Public Equity LP acquired a new stake in shares of Apollo Global Management in the 1st quarter valued at approximately $3,834,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Activity

In related news, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $134.03, for a total value of $122,637,450.00. Following the sale, the insider owned 4,526,000 shares of the company’s stock, valued at approximately $606,619,780. This trade represents a 16.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.20% of the company’s stock.

Apollo Global Management Trading Up 0.1%

APO opened at $124.41 on Wednesday. The stock has a market capitalization of $71.17 billion, a P/E ratio of 23.25, a P/E/G ratio of 1.42 and a beta of 1.63. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $189.49. The firm’s fifty day simple moving average is $130.26 and its 200 day simple moving average is $136.06.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 17th. Apollo Global Management’s dividend payout ratio is currently 29.82%.

Analyst Ratings Changes

APO has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on shares of Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating for the company in a report on Tuesday, October 21st. Citigroup lowered their price objective on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Evercore ISI lifted their target price on Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. BMO Capital Markets assumed coverage on Apollo Global Management in a research note on Friday, October 3rd. They issued a “market perform” rating and a $132.00 target price for the company. Finally, Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $160.67.

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.