Apollo Global Management Inc. $APO Stock Purchased by Diversified Trust Co

Diversified Trust Co increased its position in Apollo Global Management Inc. (NYSE:APO) by 55.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 79,127 shares of the financial services provider’s stock after acquiring an additional 28,301 shares during the quarter. Diversified Trust Co’s holdings in Apollo Global Management were worth $9,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Apollo Global Management by 4.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock valued at $669,372,000 after acquiring an additional 234,517 shares during the period. Legal & General Group Plc purchased a new position in Apollo Global Management in the second quarter worth about $459,987,000. Bank of New York Mellon Corp purchased a new position in Apollo Global Management in the second quarter worth about $336,644,000. Temasek Holdings Private Ltd grew its stake in shares of Apollo Global Management by 214.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock valued at $263,861,000 after purchasing an additional 1,614,813 shares during the period. Finally, Curated Wealth Partners LLC grew its stake in shares of Apollo Global Management by 91.8% during the 3rd quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock valued at $255,887,000 after purchasing an additional 1,055,818 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 1.7%

NYSE APO opened at $123.38 on Friday. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $153.29. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $72.84 billion, a P/E ratio of -67.42, a price-to-earnings-growth ratio of 1.15 and a beta of 1.51. The stock’s 50-day moving average price is $119.63 and its 200-day moving average price is $122.62.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Wednesday, November 18th will be given a dividend of $0.5625 per share. The ex-dividend date is Wednesday, November 18th. This represents a $2.25 annualized dividend and a dividend yield of 1.8%. Apollo Global Management’s dividend payout ratio (DPR) is currently -122.95%.

Analyst Upgrades and Downgrades

APO has been the subject of several research reports. TD Cowen reduced their price target on shares of Apollo Global Management from $154.00 to $136.00 and set a “buy” rating for the company in a research report on Wednesday, November 4th. Royal Bank Of Canada dropped their price objective on shares of Apollo Global Management from $146.00 to $138.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 4th. Argus dropped their price objective on shares of Apollo Global Management from $160.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, November 6th. JPMorgan Chase & Co. boosted their target price on shares of Apollo Global Management from $153.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. Finally, Jefferies Financial Group reduced their target price on shares of Apollo Global Management from $138.00 to $127.00 and set a “hold” rating for the company in a report on Tuesday, October 6th. Twelve analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.21.

Insider Transactions at Apollo Global Management

In other news, insider Whitney Chatterjee sold 7,339 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total value of $864,754.37. Following the transaction, the insider owned 129,151 shares of the company’s stock, valued at approximately $15,217,862.33. The trade was a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.30% of the company’s stock.

About Apollo Global Management

Apollo Global Management is a global alternative asset manager that provides investment management and retirement services. Its investment strategies span private equity, credit and real assets, including infrastructure, and it serves institutional and individual investors. The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan. It has since expanded its investment businesses and retirement-services operations, including through Athene, its retirement services platform. Apollo operates across global markets and is led by co-founder Marc Rowan, who serves as chief executive officer.