Voya Investment Management LLC Sells 17,178 Shares of Apollo Global Management Inc. $APO

Voya Investment Management LLC reduced its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 16.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,933 shares of the financial services provider’s stock after selling 17,178 shares during the quarter. Voya Investment Management LLC’s holdings in Apollo Global Management were worth $11,452,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compound Planning Inc. boosted its stake in shares of Apollo Global Management by 23.6% during the 1st quarter. Compound Planning Inc. now owns 2,266 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 432 shares in the last quarter. AlphaQuest LLC purchased a new stake in Apollo Global Management in the first quarter worth about $413,000. Groupe la Francaise purchased a new stake in Apollo Global Management in the first quarter worth about $270,000. ICONIQ Capital LLC boosted its position in Apollo Global Management by 14.2% during the 1st quarter. ICONIQ Capital LLC now owns 1,849 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 230 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Apollo Global Management by 6,941.9% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 105,629 shares of the financial services provider’s stock worth $14,465,000 after acquiring an additional 104,129 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on APO. Keefe, Bruyette & Woods raised their target price on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Cowen reiterated a “buy” rating on shares of Apollo Global Management in a report on Tuesday, November 25th. Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday, October 7th. Barclays increased their price target on shares of Apollo Global Management from $159.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Finally, Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $166.23.

Apollo Global Management Price Performance

Shares of APO opened at $148.95 on Tuesday. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $175.08. The company has a market capitalization of $86.45 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 1.49 and a beta of 1.61. The firm has a 50 day moving average of $132.46 and a 200 day moving average of $136.67. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33.

Apollo Global Management Dividend Announcement

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

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the transaction, the chief financial officer owned 325,604 shares in the company, valued at approximately $42,787,621.64. This represents a 1.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.50% 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.