162,322 Shares in Apollo Global Management Inc. $APO Bought by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC acquired a new stake in shares of Apollo Global Management Inc. (NYSE:APO) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 162,322 shares of the financial services provider’s stock, valued at approximately $21,633,000.

Several other institutional investors have also added to or reduced their stakes in APO. Hsbc Holdings PLC grew its stake in Apollo Global Management by 39.2% in the second quarter. Hsbc Holdings PLC now owns 842,391 shares of the financial services provider’s stock worth $119,482,000 after purchasing an additional 237,180 shares during the period. Stock Yards Bank & Trust Co. bought a new stake in shares of Apollo Global Management during the 2nd quarter valued at $709,000. Diversified Trust Co boosted its holdings in shares of Apollo Global Management by 2,649.9% during the 3rd quarter. Diversified Trust Co now owns 42,238 shares of the financial services provider’s stock valued at $5,629,000 after buying an additional 40,702 shares in the last quarter. Callodine Capital Management LP grew its position in shares of Apollo Global Management by 236.2% in the 2nd quarter. Callodine Capital Management LP now owns 270,000 shares of the financial services provider’s stock worth $38,305,000 after buying an additional 189,693 shares during the period. Finally, Asio Capital LLC bought a new position in shares of Apollo Global Management in the 3rd quarter worth about $4,296,000. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Performance

APO stock opened at $146.45 on Friday. The stock’s 50 day simple moving average is $136.44 and its 200 day simple moving average is $137.43. 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 Inc. has a 12-month low of $102.58 and a 12-month high of $174.91. The stock has a market capitalization of $85.00 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.27 and a beta of 1.59.

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 given 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 1.4%. Apollo Global Management’s dividend payout ratio (DPR) is 29.82%.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 6,000 shares of the firm’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 sale, the chief financial officer owned 325,604 shares of the company’s stock, valued at $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 link. Insiders own 8.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Evercore ISI upped their price objective on shares of Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Cowen restated a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, November 25th. BMO Capital Markets set a $136.00 price objective on Apollo Global Management and gave the company a “market perform” rating in a research report on Tuesday, November 25th. The Goldman Sachs Group reissued a “buy” rating and issued a $155.00 target price on shares of Apollo Global Management in a report on Tuesday, November 25th. Finally, Keefe, Bruyette & Woods increased their target price on Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $166.23.

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.