Osaic Holdings Inc. Buys 12,691 Shares of Apollo Global Management Inc. $APO

Osaic Holdings Inc. lifted its stake in Apollo Global Management Inc. (NYSE:APO) by 12.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 116,240 shares of the financial services provider’s stock after purchasing an additional 12,691 shares during the quarter. Osaic Holdings Inc.’s holdings in Apollo Global Management were worth $16,463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Evolution Wealth Management Inc. purchased a new position in Apollo Global Management during the second quarter worth $44,000. Centaurus Financial Inc. raised its stake in shares of Apollo Global Management by 202.8% in the second quarter. Centaurus Financial Inc. now owns 5,124 shares of the financial services provider’s stock valued at $727,000 after acquiring an additional 3,432 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in shares of Apollo Global Management by 3.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 13,269 shares of the financial services provider’s stock worth $1,882,000 after acquiring an additional 480 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Apollo Global Management during the 2nd quarter worth about $1,469,000. Finally, Advisory Services Network LLC boosted its stake in shares of Apollo Global Management by 7.8% during the 2nd quarter. Advisory Services Network LLC now owns 44,343 shares of the financial services provider’s stock worth $6,444,000 after purchasing an additional 3,207 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Down 0.1%

Shares of NYSE APO opened at $146.27 on Friday. Apollo Global Management Inc. has a 52-week low of $102.58 and a 52-week high of $175.08. The firm has a market capitalization of $84.90 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.44 and a beta of 1.61. The stock has a 50 day moving average price of $131.37 and a 200 day moving average price of $136.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.49.

Apollo Global Management Dividend Announcement

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

Analysts Set New Price Targets

APO has been the topic of a number of recent analyst reports. BMO Capital Markets set a $136.00 price objective on shares of Apollo Global Management and gave the stock a “market perform” rating in a research report on Tuesday, November 25th. Barclays raised their price target on Apollo Global Management from $159.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Cowen reissued a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, November 25th. Morgan Stanley raised Apollo Global Management from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $151.00 to $180.00 in a research report on Thursday, November 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $155.00 target price on shares of Apollo Global Management in a research note on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.23.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the sale, the chief financial officer directly owned 325,604 shares in the company, valued at $42,787,621.64. The trade was a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 8.20% of the company’s stock.

Apollo Global Management Company 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.