Apollo Global Management Inc. $APO Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its position in Apollo Global Management Inc. (NYSE:APO) by 16.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 85,291 shares of the financial services provider’s stock after purchasing an additional 12,048 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Apollo Global Management were worth $11,367,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. HB Wealth Management LLC boosted its position in Apollo Global Management by 26.9% in the second quarter. HB Wealth Management LLC now owns 11,809 shares of the financial services provider’s stock valued at $1,675,000 after buying an additional 2,500 shares during the last quarter. Greenleaf Trust lifted its stake in Apollo Global Management by 19.4% during the 2nd quarter. Greenleaf Trust now owns 2,886 shares of the financial services provider’s stock valued at $409,000 after acquiring an additional 468 shares during the period. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Apollo Global Management by 70.0% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 724 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 298 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in shares of Apollo Global Management in the second quarter worth $254,000. Finally, Hilltop National Bank purchased a new position in shares of Apollo Global Management during the second quarter worth $408,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Trading Up 0.1%

APO stock opened at $134.56 on Friday. Apollo Global Management Inc. has a 52-week low of $102.58 and a 52-week high of $174.91. 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 firm has a market cap of $78.10 billion, a P/E ratio of 19.67, a PEG ratio of 1.21 and a beta of 1.59. The company’s 50-day simple moving average is $141.60 and its 200-day simple moving average is $137.40.

Apollo Global Management Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on APO shares. Citigroup decreased their target price on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Barclays decreased their price objective on Apollo Global Management from $172.00 to $168.00 and set an “overweight” rating for the company in a report on Friday, January 9th. Wolfe Research restated an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday, January 7th. Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, UBS Group decreased their price target on Apollo Global Management from $186.00 to $182.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $165.62.

Insider Activity at Apollo Global Management

In other 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 value of $788,460.00. Following the completion of the sale, the chief financial officer directly owned 325,604 shares in the company, valued at $42,787,621.64. The trade was a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.20% of the stock is owned by company insiders.

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.