Apollo Global Management Inc. $APO Shares Acquired by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. lifted its holdings in Apollo Global Management Inc. (NYSE:APO) by 2.8% in the third quarter, Holdings Channel reports. The firm owned 243,525 shares of the financial services provider’s stock after buying an additional 6,677 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Apollo Global Management were worth $32,455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APO. Parallel Advisors LLC raised its stake in Apollo Global Management by 13.4% in the second quarter. Parallel Advisors LLC now owns 4,344 shares of the financial services provider’s stock valued at $616,000 after buying an additional 515 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Apollo Global Management by 42.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,563 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 464 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Apollo Global Management by 2.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,843 shares of the financial services provider’s stock valued at $6,929,000 after purchasing an additional 1,124 shares during the last quarter. Swedbank AB grew its holdings in shares of Apollo Global Management by 3.7% during the second quarter. Swedbank AB now owns 80,131 shares of the financial services provider’s stock valued at $11,368,000 after buying an additional 2,862 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Apollo Global Management by 3.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 149,300 shares of the financial services provider’s stock worth $21,181,000 after purchasing an additional 4,800 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $144.01 on Friday. The stock’s 50-day simple moving average is $140.13 and its 200-day simple moving average is $138.01. 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 debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market capitalization of $83.59 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.29 and a beta of 1.59.

Apollo Global Management Announces Dividend

The company also recently announced 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 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 payout ratio is 29.82%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on APO shares. Keefe, Bruyette & Woods boosted their price objective on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. BMO Capital Markets set a $136.00 price objective on Apollo Global Management and gave the company a “market perform” rating in a research note on Tuesday, November 25th. Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, November 25th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $155.00 price target on shares of Apollo Global Management in a research report on Tuesday, November 25th. Finally, Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued 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 price target of $165.62.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 6,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. This represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.20% 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.