Apollo Global Management Inc. $APO Holdings Lifted by Whalen Wealth Management Inc.

by · The Markets Daily

Whalen Wealth Management Inc. grew its holdings in shares of Apollo Global Management Inc. (NYSE:APO – Free Report) by 197.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,245 shares of the financial services provider’s stock after buying an additional 3,482 shares during the period. Whalen Wealth Management Inc.’s holdings in Apollo Global Management were worth $699,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Delos Wealth Advisors LLC bought a new stake in Apollo Global Management during the 2nd quarter valued at $25,000. Activest Wealth Management increased its holdings in shares of Apollo Global Management by 875.0% during the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 175 shares during the period. Rosenberg Matthew Hamilton raised its stake in shares of Apollo Global Management by 6,900.0% during the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 207 shares in the last quarter. Nemes Rush Group LLC acquired a new stake in Apollo Global Management in the second quarter worth about $30,000. Finally, Andra AP fonden bought a new position in Apollo Global Management in the 2nd quarter valued at about $31,000. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Trading Down 0.1%

Apollo Global Management stock opened at $146.27 on Friday. The company has a 50 day moving average price of $131.37 and a 200 day moving average price of $136.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.49. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $175.08. The firm has a market capitalization of $84.90 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.44 and a beta of 1.61.

Apollo Global Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 17th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, November 17th. Apollo Global Management’s dividend payout ratio is currently 29.82%.

Analyst Upgrades and Downgrades

APO has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $155.00 price target on shares of Apollo Global Management in a research report on Tuesday, November 25th. Cowen reissued a “buy” rating on shares of Apollo Global Management in a report on Tuesday, November 25th. Morgan Stanley upgraded Apollo Global Management from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $151.00 to $180.00 in a research report on Thursday, November 20th. Keefe, Bruyette & Woods lifted their price target on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Finally, BMO Capital Markets set a $136.00 price objective on Apollo Global Management and gave the company a “market perform” rating in a report on Tuesday, November 25th. One research 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $166.23.

Check Out Our Latest Research Report on Apollo Global Management

Insider Buying and Selling

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 transaction of $788,460.00. Following the completion of the sale, the chief financial officer directly owned 325,604 shares in the company, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.20% of the company’s stock.

Apollo Global Management Profile

(Free Report)

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

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