Robbins Farley Grows Position in Apollo Global Management Inc. $APO

Robbins Farley increased its position in Apollo Global Management Inc. (NYSE:APO) by 15.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,655 shares of the financial services provider’s stock after buying an additional 3,886 shares during the quarter. Robbins Farley’s holdings in Apollo Global Management were worth $3,819,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its position in Apollo Global Management by 33.0% during the 1st quarter. Alliancebernstein L.P. now owns 2,473,614 shares of the financial services provider’s stock valued at $338,737,000 after acquiring an additional 613,124 shares during the period. Amundi lifted its holdings in shares of Apollo Global Management by 68.9% during the second quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock valued at $187,199,000 after purchasing an additional 534,904 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in shares of Apollo Global Management by 1,091.1% in the 1st quarter. Alyeska Investment Group L.P. now owns 569,021 shares of the financial services provider’s stock worth $77,922,000 after purchasing an additional 521,249 shares in the last quarter. Ieq Capital LLC grew its stake in shares of Apollo Global Management by 1,518.9% in the 1st quarter. Ieq Capital LLC now owns 541,474 shares of the financial services provider’s stock worth $74,150,000 after buying an additional 508,028 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Apollo Global Management by 5,670.1% during the 2nd quarter. Marshall Wace LLP now owns 395,020 shares of the financial services provider’s stock valued at $56,041,000 after buying an additional 388,174 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Activity at Apollo Global Management

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on APO. Barclays upped their price target on shares of Apollo Global Management from $159.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. BMO Capital Markets set a $136.00 price target on Apollo Global Management and gave the company a “market perform” rating in a research note on Tuesday, November 25th. 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. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a report on Monday. Finally, UBS Group initiated coverage on shares of Apollo Global Management in a report on Thursday, December 11th. They issued a “buy” rating and a $186.00 price target on the stock. One investment 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. According to data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $166.23.

Apollo Global Management Stock Down 0.1%

Shares of NYSE:APO opened at $148.25 on Thursday. The company has a market cap of $86.05 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 1.51 and a beta of 1.61. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $175.08. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $133.28 and a 200 day moving average price of $136.86.

Apollo Global Management Dividend Announcement

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

Apollo Global Management Profile

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.