17,005 Shares in Apollo Global Management Inc. $APO Purchased by Biltmore Family Office LLC

Biltmore Family Office LLC purchased a new stake in Apollo Global Management Inc. (NYSE:APO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,005 shares of the financial services provider’s stock, valued at approximately $2,266,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of APO. Maestria Partners LLC boosted its stake in shares of Apollo Global Management by 18.0% during the 3rd quarter. Maestria Partners LLC now owns 228,967 shares of the financial services provider’s stock valued at $30,514,000 after buying an additional 35,000 shares during the last quarter. Blackhawk Capital Partners LLC bought a new stake in shares of Apollo Global Management in the third quarter worth $1,121,000. PFG Investments LLC raised its holdings in Apollo Global Management by 3.5% in the third quarter. PFG Investments LLC now owns 8,028 shares of the financial services provider’s stock valued at $1,070,000 after acquiring an additional 274 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Apollo Global Management by 1.2% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 151,100 shares of the financial services provider’s stock valued at $20,137,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its stake in Apollo Global Management by 4.5% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 136,834 shares of the financial services provider’s stock valued at $18,353,000 after acquiring an additional 5,892 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

APO opened at $136.30 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $140.96 and its 200 day moving average price is $137.84. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $174.91. The firm has a market cap of $79.11 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 1.22 and a beta of 1.59.

Apollo Global Management Announces Dividend

The business also recently declared 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, November 17th. Apollo Global Management’s dividend payout ratio is presently 29.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APO. Wolfe Research restated an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday, January 7th. Evercore ISI boosted their price objective on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, November 25th. BMO Capital Markets set a $136.00 target price on Apollo Global Management and gave the stock a “market perform” rating in a report on Tuesday, November 25th. Finally, Barclays decreased their target price on Apollo Global Management from $172.00 to $168.00 and set an “overweight” rating for the company in a research report on Friday, January 9th. 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $165.62.

Insider Activity

In related news, CFO Martin Kelly sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the transaction, the chief financial officer owned 325,604 shares in the company, valued at $42,787,621.64. The trade was a 1.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 8.20% of the company’s stock.

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.