Beacon Investment Advisory Services Inc. Has $8.58 Million Stock Holdings in Apollo Global Management Inc. $APO

Beacon Investment Advisory Services Inc. raised its holdings in Apollo Global Management Inc. (NYSE:APO) by 14.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,382 shares of the financial services provider’s stock after buying an additional 8,224 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Apollo Global Management were worth $8,580,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Asio Capital LLC acquired a new stake in shares of Apollo Global Management in the third quarter worth $4,296,000. Regent Peak Wealth Advisors LLC bought a new stake in Apollo Global Management in the 3rd quarter valued at $1,178,000. HBK Sorce Advisory LLC acquired a new stake in Apollo Global Management in the 3rd quarter worth $317,000. Avanza Fonder AB increased its holdings in shares of Apollo Global Management by 14.1% during the 3rd quarter. Avanza Fonder AB now owns 32,183 shares of the financial services provider’s stock worth $4,289,000 after purchasing an additional 3,978 shares during the period. Finally, Foresight Capital Management Advisors Inc. acquired a new position in shares of Apollo Global Management during the third quarter valued at about $325,000. 77.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of the 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 completion of the sale, the chief financial officer owned 325,604 shares in the company, valued at $42,787,621.64. This trade represents a 1.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 8.20% of the company’s stock.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $148.56 on Friday. The business has a 50 day simple moving average of $134.37 and a 200 day simple moving average of $137.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market capitalization of $86.22 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 1.51 and a beta of 1.61. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $174.91.

Apollo Global Management Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on APO shares. Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday, October 7th. UBS Group initiated coverage on Apollo Global Management in a research report on Thursday, December 11th. They issued a “buy” rating and a $186.00 price objective for the company. The Goldman Sachs Group restated a “buy” rating and set a $155.00 price objective on shares of Apollo Global Management in a research report on Tuesday, November 25th. BMO Capital Markets set a $136.00 target price on Apollo Global Management and gave the company a “market perform” rating in a research note on Tuesday, November 25th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. One 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $166.23.

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.