Apollo Global Management Inc. $APO Position Raised by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its position in Apollo Global Management Inc. (NYSE:APO) by 7.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,325 shares of the financial services provider’s stock after purchasing an additional 6,059 shares during the period. IFM Investors Pty Ltd’s holdings in Apollo Global Management were worth $11,881,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Delos Wealth Advisors LLC purchased a new stake in shares of Apollo Global Management in the 2nd quarter valued at approximately $25,000. Activest Wealth Management increased its stake in Apollo Global Management by 875.0% in the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after buying an additional 175 shares during the period. Sound Income Strategies LLC purchased a new position in shares of Apollo Global Management during the 3rd quarter valued at $28,000. Rosenberg Matthew Hamilton raised its holdings in shares of 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 worth $30,000 after acquiring an additional 207 shares in the last quarter. Finally, Nemes Rush Group LLC acquired a new stake in Apollo Global Management during the second quarter valued at $30,000. Institutional investors own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

APO has been the topic of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Apollo Global Management in a research note on Monday. Wall Street Zen raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Citigroup decreased their price target on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. BMO Capital Markets set a $136.00 price objective on Apollo Global Management and gave the stock a “market perform” rating in a research note on Tuesday, November 25th. Finally, UBS Group started coverage on Apollo Global Management in a report on Thursday, December 11th. They issued a “buy” rating and a $186.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $166.23.

Apollo Global Management Trading Down 0.1%

NYSE:APO opened at $148.25 on Thursday. The company has a market cap of $86.05 billion, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 1.51 and a beta of 1.61. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $175.08. The business has a 50 day moving average price of $133.28 and a two-hundred day moving average price of $136.86. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were paid a dividend of $0.51 per share. The ex-dividend date was Monday, November 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.4%. Apollo Global Management’s payout ratio is currently 29.82%.

Insider Activity

In related news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the transaction, the chief financial officer owned 325,604 shares in the company, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.20% of the company’s stock.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.