National Pension Service Raises Position in Apollo Global Management Inc. $APO

National Pension Service lifted its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 767,442 shares of the financial services provider’s stock after buying an additional 13,937 shares during the quarter. National Pension Service owned 0.13% of Apollo Global Management worth $102,277,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APO. Delos Wealth Advisors LLC acquired a new position in shares of Apollo Global Management during the second quarter worth $25,000. Activest Wealth Management increased its stake in Apollo Global Management by 875.0% during the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after buying an additional 175 shares during the period. Sound Income Strategies LLC acquired a new position in Apollo Global Management in the 3rd quarter worth $28,000. SJS Investment Consulting Inc. boosted its position in Apollo Global Management by 1,123.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after buying an additional 191 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its position in Apollo Global Management by 6,900.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after buying an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

APO stock opened at $134.56 on Friday. The stock’s 50 day simple moving average is $141.60 and its 200 day simple moving average is $137.34. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $174.91. The firm has a market cap of $78.10 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.21 and a beta of 1.59. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. Apollo Global Management’s dividend payout ratio is 29.82%.

Analysts Set New Price Targets

Several research firms recently commented on APO. Citigroup cut their price target on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Wolfe Research reaffirmed an “outperform” rating on shares of Apollo Global Management in a research report on Wednesday, January 7th. Wall Street Zen raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. UBS Group dropped their price target on shares of 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. Finally, TD Cowen reaffirmed a “buy” rating on shares of Apollo Global Management in a report on Tuesday, November 25th. One equities 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. According to data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and an average target price of $165.62.

Insider Buying and Selling at Apollo Global Management

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 transaction of $788,460.00. Following the sale, the chief financial officer directly owned 325,604 shares in the company, valued at approximately $42,787,621.64. This represents a 1.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.