Apollo Global Management Inc. $APO Shares Purchased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System boosted its stake in Apollo Global Management Inc. (NYSE:APO) by 213.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,371 shares of the financial services provider’s stock after acquiring an additional 48,576 shares during the period. Maryland State Retirement & Pension System’s holdings in Apollo Global Management were worth $8,283,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Greenleaf Trust grew its stake in shares of Apollo Global Management by 2.6% in the 3rd quarter. Greenleaf Trust now owns 4,144 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 105 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Apollo Global Management by 3.9% in the first quarter. International Assets Investment Management LLC now owns 3,167 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 119 shares during the period. Chickasaw Capital Management LLC increased its holdings in shares of Apollo Global Management by 4.7% in the third quarter. Chickasaw Capital Management LLC now owns 2,663 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 120 shares during the period. Bfsg LLC raised its stake in shares of Apollo Global Management by 58.4% during the third quarter. Bfsg LLC now owns 331 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 122 shares during the last quarter. Finally, 180 Wealth Advisors LLC raised its stake in shares of Apollo Global Management by 2.4% during the second quarter. 180 Wealth Advisors LLC now owns 5,571 shares of the financial services provider’s stock worth $659,000 after purchasing an additional 131 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Stock Performance

Shares of APO stock opened at $121.25 on Friday. The company has a market cap of $71.60 billion, a price-to-earnings ratio of -66.26, a price-to-earnings-growth ratio of 1.16 and a beta of 1.51. The stock has a 50 day simple moving average of $119.85 and a 200-day simple moving average of $122.66. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $153.29. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.41.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Wednesday, November 18th will be issued a $0.5625 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.25 dividend on an annualized basis and a yield of 1.9%. Apollo Global Management’s dividend payout ratio (DPR) is -122.95%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on APO. JPMorgan Chase & Co. increased their price target on Apollo Global Management from $153.00 to $157.00 and gave the stock an “overweight” rating in a 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 research note on Wednesday, November 4th. TD Cowen cut their price objective 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. Weiss Ratings cut shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Apollo Global Management from $135.00 to $130.00 and set a “market perform” rating for the company in a research note on Wednesday, November 4th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.21.

Insider Buying and Selling

In other Apollo Global Management 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 transaction of $864,754.37. Following the sale, the insider directly owned 129,151 shares in the company, valued at approximately $15,217,862.33. The trade was a 5.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.