HRT Financial LP Increases Position in Apollo Global Management Inc. $APO

HRT Financial LP increased its position in Apollo Global Management Inc. (NYSE:APO) by 581.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,272 shares of the financial services provider’s stock after acquiring an additional 229,734 shares during the period. HRT Financial LP’s holdings in Apollo Global Management were worth $38,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in APO. Activest Wealth Management raised its stake in shares of 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 last quarter. Nemes Rush Group LLC acquired a new position in Apollo Global Management in the 2nd quarter worth approximately $30,000. Rosenberg Matthew Hamilton raised its position in Apollo Global Management by 6,900.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock worth $30,000 after buying an additional 207 shares during the last quarter. Andra AP fonden acquired a new stake in Apollo Global Management during the 2nd quarter valued at approximately $31,000. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Apollo Global Management by 44.0% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $148.06 on Friday. The firm has a market cap of $85.94 billion, a PE ratio of 21.65, a P/E/G ratio of 1.48 and a beta of 1.61. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $179.42. 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 business has a 50-day moving average price of $129.64 and a 200 day moving average price of $135.93.

Apollo Global Management Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently issued reports on APO shares. Keefe, Bruyette & Woods boosted their target price on shares of Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Evercore ISI lifted their price objective on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. BMO Capital Markets set a $136.00 target price on Apollo Global Management and gave the stock a “market perform” rating in a research note on Tuesday, November 25th. UBS Group initiated coverage on Apollo Global Management in a research report on Thursday. They set a “buy” rating and a $186.00 price target for the company. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $155.00 price objective on shares of Apollo Global Management in a research report on Tuesday, November 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $166.23.

Insider Activity

In related news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction on Monday, December 1st. The shares were sold at an average price of $131.41, for a total value of $788,460.00. Following the sale, the chief financial officer owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.20% of the stock is owned by company insiders.

About Apollo Global Management

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.