Coldstream Capital Management Inc. Purchases 765 Shares of Apollo Global Management Inc. $APO

Coldstream Capital Management Inc. raised its position in shares of Apollo Global Management Inc. (NYSE:APO) by 23.5% during the second quarter, HoldingsChannel reports. The firm owned 4,022 shares of the financial services provider’s stock after purchasing an additional 765 shares during the period. Coldstream Capital Management Inc.’s holdings in Apollo Global Management were worth $571,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its position in shares of Apollo Global Management by 875.0% during the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 175 shares during the last quarter. Nemes Rush Group LLC purchased a new stake in Apollo Global Management in the second quarter worth approximately $30,000. Rosenberg Matthew Hamilton grew its position in Apollo Global Management by 6,900.0% during the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares during the last quarter. Andra AP fonden purchased a new position in shares of Apollo Global Management during the second quarter worth approximately $31,000. Finally, Bay Harbor Wealth Management LLC lifted its holdings in shares of Apollo Global Management by 5,200.0% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 260 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In other 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 directly owned 4,526,000 shares in the company, 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 the SEC website. Corporate insiders own 8.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley raised shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $151.00 to $180.00 in a report on Thursday, November 20th. Evercore ISI upped their price target on shares of Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. The Goldman Sachs Group reissued a “buy” rating and issued a $155.00 target price on shares of Apollo Global Management in a research note on Tuesday. Finally, Cowen restated a “buy” rating on shares of Apollo Global Management in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.85.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $130.50 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $129.24 and a 200-day moving average price of $135.93. The company has a market cap of $75.74 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 1.42 and a beta of 1.63. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $189.49.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be issued a $0.51 dividend. The ex-dividend date is Monday, November 17th. This represents a $2.04 annualized dividend and a yield of 1.6%. Apollo Global Management’s dividend payout ratio (DPR) is 29.82%.

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.