Carmel Capital Partners LLC Sells 5,033 Shares of Apollo Global Management Inc. $APO

Carmel Capital Partners LLC cut its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 26.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,689 shares of the financial services provider’s stock after selling 5,033 shares during the quarter. Carmel Capital Partners LLC’s holdings in Apollo Global Management were worth $1,824,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of APO. Fortress Financial Solutions LLC increased its holdings in Apollo Global Management by 1.6% during the 2nd quarter. Fortress Financial Solutions LLC now owns 4,561 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 74 shares during the period. Cary Street Partners Investment Advisory LLC grew its position in shares of Apollo Global Management by 44.0% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock worth $36,000 after buying an additional 77 shares in the last quarter. Cynosure Group LLC increased its stake in shares of Apollo Global Management by 2.6% during the third quarter. Cynosure Group LLC now owns 3,385 shares of the financial services provider’s stock valued at $451,000 after buying an additional 85 shares during the period. SOA Wealth Advisors LLC. raised its holdings in shares of Apollo Global Management by 8.5% in the third quarter. SOA Wealth Advisors LLC. now owns 1,169 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 92 shares in the last quarter. Finally, Tower Wealth Partners Inc. lifted its stake in Apollo Global Management by 4.7% in the second quarter. Tower Wealth Partners Inc. now owns 2,086 shares of the financial services provider’s stock worth $296,000 after acquiring an additional 94 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

APO has been the topic of a number of research reports. TD Cowen reissued a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, November 25th. Wall Street Zen raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. BMO Capital Markets set a $136.00 target price on Apollo Global Management and gave the company a “market perform” rating in a research report on Tuesday, November 25th. Piper Sandler reiterated an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. Finally, UBS Group decreased their price objective on Apollo Global Management from $186.00 to $182.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus price target of $165.62.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the firm’s stock in a transaction dated 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.20% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO stock opened at $139.68 on Friday. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $174.91. The business’s fifty day simple moving average is $140.84 and its 200-day simple moving average is $137.92. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. The company has a market cap of $81.07 billion, a PE ratio of 20.42, a PEG ratio of 1.25 and a beta of 1.59.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were paid a $0.51 dividend. The ex-dividend date was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Apollo Global Management’s dividend payout ratio (DPR) is 29.82%.

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.