Voya Investment Management LLC Sells 17,178 Shares of Apollo Global Management Inc. $APO

Voya Investment Management LLC trimmed its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 16.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,933 shares of the financial services provider’s stock after selling 17,178 shares during the quarter. Voya Investment Management LLC’s holdings in Apollo Global Management were worth $11,452,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Compound Planning Inc. raised its stake in Apollo Global Management by 23.6% in the first quarter. Compound Planning Inc. now owns 2,266 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 432 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of Apollo Global Management during the 1st quarter worth $413,000. Groupe la Francaise bought a new stake in shares of Apollo Global Management during the 1st quarter worth $270,000. ICONIQ Capital LLC grew its position in Apollo Global Management by 14.2% in the first quarter. ICONIQ Capital LLC now owns 1,849 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 230 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Apollo Global Management by 6,941.9% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 105,629 shares of the financial services provider’s stock valued at $14,465,000 after acquiring an additional 104,129 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Up 1.8%

NYSE:APO opened at $148.95 on Tuesday. The firm has a market capitalization of $86.45 billion, a P/E ratio of 21.78, a P/E/G ratio of 1.49 and a beta of 1.61. 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 company has a fifty day moving average of $132.46 and a 200 day moving average of $136.67. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $175.08.

Apollo Global Management Dividend Announcement

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

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This represents a 1.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 8.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on APO. Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Keefe, Bruyette & Woods upped their target price on Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Citigroup reduced their price target on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Morgan Stanley upgraded shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $151.00 to $180.00 in a report on Thursday, November 20th. Finally, Cowen reissued a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.23.

Apollo Global Management 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.