Arizona State Retirement System Buys 10,582 Shares of Apollo Global Management Inc. $APO

Arizona State Retirement System increased its position in shares of Apollo Global Management Inc. (NYSE:APO) by 9.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,324 shares of the financial services provider’s stock after buying an additional 10,582 shares during the quarter. Arizona State Retirement System’s holdings in Apollo Global Management were worth $16,968,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC acquired a new stake in shares of Apollo Global Management during the 2nd quarter worth approximately $25,000. Activest Wealth Management lifted its position in Apollo Global Management by 875.0% in the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 175 shares during the period. Sound Income Strategies LLC acquired a new stake in Apollo Global Management during the third quarter worth $28,000. SJS Investment Consulting Inc. increased its holdings in Apollo Global Management by 1,123.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after buying an additional 191 shares during the period. Finally, Rosenberg Matthew Hamilton increased its holdings in Apollo Global Management by 6,900.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after buying an additional 207 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Buying and Selling

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

Apollo Global Management Stock Performance

NYSE:APO opened at $134.56 on Friday. The stock has a market capitalization of $78.10 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 1.21 and a beta of 1.59. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $174.91. The firm has a 50 day moving average of $141.60 and a 200-day moving average of $137.40.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were given a $0.51 dividend. The ex-dividend date was Monday, November 17th. This represents a $2.04 annualized dividend and a yield of 1.5%. Apollo Global Management’s payout ratio is presently 29.82%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $155.00 price objective on shares of Apollo Global Management in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a report on Monday, December 29th. BMO Capital Markets set a $136.00 target price on Apollo Global Management and gave the stock a “market perform” rating in a report on Tuesday, November 25th. UBS Group cut their target price on Apollo Global Management from $186.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Finally, Keefe, Bruyette & Woods upped their price target on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and an average target price of $165.62.

Apollo Global Management Company 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.