Permanent Capital Management LP Makes New Investment in Apollo Global Management Inc. $APO

Permanent Capital Management LP purchased a new stake in shares of Apollo Global Management Inc. (NYSE:APO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,484 shares of the financial services provider’s stock, valued at approximately $464,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Delos Wealth Advisors LLC purchased a new position in Apollo Global Management during the 2nd quarter valued at about $25,000. Activest Wealth Management boosted its stake in shares of Apollo Global Management by 875.0% during the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. Sound Income Strategies LLC purchased a new position in Apollo Global Management during the third quarter valued at approximately $28,000. Rosenberg Matthew Hamilton lifted its holdings in Apollo Global Management by 6,900.0% during the second 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 period. Finally, Nemes Rush Group LLC bought a new stake in Apollo Global Management during the 2nd quarter valued at $30,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on APO. Cowen reiterated a “buy” rating on shares of Apollo Global Management in a report on Tuesday, November 25th. UBS Group started coverage on shares of Apollo Global Management in a report on Thursday, December 11th. They issued a “buy” rating and a $186.00 target price for the company. Barclays raised their price target on shares of Apollo Global Management from $159.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Morgan Stanley raised shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $151.00 to $180.00 in a research report on Thursday, November 20th. Finally, Evercore ISI boosted their price objective on shares of Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and a consensus target price of $166.23.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $148.56 on Monday. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $174.91. The company has a market cap of $86.22 billion, a PE ratio of 21.72, a P/E/G ratio of 1.51 and a beta of 1.61. 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 business has a 50-day simple moving average of $134.37 and a two-hundred day simple moving average of $137.04.

Apollo Global Management Announces Dividend

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

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the firm’s 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.50% of the company’s stock.

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.