Apollo Global Management Inc. $APO Stake Boosted by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. lifted its stake in Apollo Global Management Inc. (NYSE:APO) by 197.5% during the third quarter, HoldingsChannel reports. The fund owned 5,245 shares of the financial services provider’s stock after purchasing an additional 3,482 shares during the quarter. Whalen Wealth Management Inc.’s holdings in Apollo Global Management were worth $699,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cresset Asset Management LLC raised its stake in shares of Apollo Global Management by 2.8% during the 1st quarter. Cresset Asset Management LLC now owns 12,727 shares of the financial services provider’s stock worth $1,743,000 after purchasing an additional 348 shares in the last quarter. Brooklyn Investment Group raised its position in Apollo Global Management by 26.9% during the first quarter. Brooklyn Investment Group now owns 948 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 201 shares in the last quarter. Groupama Asset Managment acquired a new stake in Apollo Global Management in the first quarter valued at approximately $852,000. Banco Bilbao Vizcaya Argentaria S.A. grew its position in Apollo Global Management by 4.5% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 9,610 shares of the financial services provider’s stock worth $1,316,000 after acquiring an additional 410 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its stake in shares of Apollo Global Management by 105.7% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 5,253 shares of the financial services provider’s stock worth $719,000 after purchasing an additional 2,699 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 6,000 shares of the business’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 owned 325,604 shares in the company, valued at approximately $42,787,621.64. The trade was a 1.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.20% of the stock is owned by corporate insiders.

Apollo Global Management Stock Down 0.1%

Shares of APO stock opened at $146.27 on Friday. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $175.08. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The firm has a market cap of $84.90 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.44 and a beta of 1.61. The stock has a 50 day moving average of $131.37 and a 200-day moving average of $136.35.

Apollo Global Management Dividend Announcement

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

Wall Street Analyst Weigh In

APO has been the subject of a number of recent research reports. Wall Street Zen upgraded 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 for the company in a research note on Monday, October 13th. BMO Capital Markets set a $136.00 price objective on Apollo Global Management and gave the company a “market perform” rating in a research note on Tuesday, November 25th. Keefe, Bruyette & Woods increased their price target on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Finally, Cowen restated a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.23.

Apollo Global Management 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.