Robbins Farley Raises Stock Position in Apollo Global Management Inc. $APO

Robbins Farley lifted its position in Apollo Global Management Inc. (NYSE:APO) by 15.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,655 shares of the financial services provider’s stock after purchasing an additional 3,886 shares during the period. Robbins Farley’s holdings in Apollo Global Management were worth $3,819,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of APO. Alliancebernstein L.P. raised its position in Apollo Global Management by 33.0% during the 1st quarter. Alliancebernstein L.P. now owns 2,473,614 shares of the financial services provider’s stock valued at $338,737,000 after purchasing an additional 613,124 shares in the last quarter. Amundi raised its holdings in shares of Apollo Global Management by 68.9% in the second quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock valued at $187,199,000 after acquiring an additional 534,904 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Apollo Global Management by 1,091.1% in the first quarter. Alyeska Investment Group L.P. now owns 569,021 shares of the financial services provider’s stock valued at $77,922,000 after acquiring an additional 521,249 shares in the last quarter. Ieq Capital LLC lifted its stake in Apollo Global Management by 1,518.9% in the first quarter. Ieq Capital LLC now owns 541,474 shares of the financial services provider’s stock worth $74,150,000 after acquiring an additional 508,028 shares during the period. Finally, Marshall Wace LLP boosted its position in Apollo Global Management by 5,670.1% during the 2nd quarter. Marshall Wace LLP now owns 395,020 shares of the financial services provider’s stock valued at $56,041,000 after acquiring an additional 388,174 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on APO. Keefe, Bruyette & Woods raised their price objective 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. Cowen restated a “buy” rating on shares of Apollo Global Management in a report on Tuesday, November 25th. Piper Sandler reaffirmed an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday, October 7th. 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. Finally, Wall Street Zen raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $166.23.

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 that occurred on Monday, December 1st. The shares were 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 directly owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 8.20% of the company’s stock.

Apollo Global Management Trading Down 0.1%

Shares of Apollo Global Management stock opened at $148.25 on Thursday. The firm’s 50 day simple moving average is $133.28 and its two-hundred day simple moving average is $136.86. The firm has a market capitalization of $86.05 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 1.51 and a beta of 1.61. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $175.08. 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 Dividend Announcement

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

About Apollo Global Management

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.