Brookstone Capital Management Raises Holdings in Apollo Global Management Inc. $APO

Brookstone Capital Management boosted its stake in Apollo Global Management Inc. (NYSE:APO) by 71.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,191 shares of the financial services provider’s stock after buying an additional 6,333 shares during the quarter. Brookstone Capital Management’s holdings in Apollo Global Management were worth $2,024,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in Apollo Global Management by 1.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,050,164 shares of the financial services provider’s stock worth $432,727,000 after buying an additional 36,866 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Apollo Global Management by 33.0% during the first quarter. Alliancebernstein L.P. now owns 2,473,614 shares of the financial services provider’s stock valued at $338,737,000 after acquiring an additional 613,124 shares during the last quarter. Amundi boosted its stake in shares of Apollo Global Management by 68.9% during the second quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock valued at $187,199,000 after acquiring an additional 534,904 shares during the last quarter. Heard Capital LLC increased its position in Apollo Global Management by 14.1% during the 2nd quarter. Heard Capital LLC now owns 1,274,970 shares of the financial services provider’s stock worth $180,880,000 after purchasing an additional 157,750 shares in the last quarter. Finally, Swiss National Bank raised its stake in Apollo Global Management by 8.2% in the 2nd quarter. Swiss National Bank now owns 1,208,914 shares of the financial services provider’s stock valued at $171,509,000 after purchasing an additional 91,800 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research note on Monday, December 22nd. Morgan Stanley raised shares of 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 note on Thursday, November 20th. Barclays lifted their target price on shares of Apollo Global Management from $159.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. BMO Capital Markets set a $136.00 price target on Apollo Global Management and gave the stock a “market perform” rating in a research note on Tuesday, November 25th. Finally, Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $166.23.

Insider Buying and Selling at Apollo Global Management

In related 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 value of $788,460.00. Following the transaction, the chief financial officer directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 8.20% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO stock opened at $148.56 on Friday. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $174.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.49. The company has a 50 day moving average price of $134.37 and a 200 day moving average price of $137.05. The firm has a market capitalization of $86.22 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 1.51 and a beta of 1.61.

Apollo Global Management Announces Dividend

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

About Apollo Global Management

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.