Greystone Financial Group LLC Invests $758,000 in Apollo Global Management Inc. $APO

Greystone Financial Group LLC purchased a new stake in shares of Apollo Global Management Inc. (NYSE:APO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,689 shares of the financial services provider’s stock, valued at approximately $758,000.

Several other institutional investors have also recently bought and sold shares of the stock. Delos Wealth Advisors LLC acquired a new position in Apollo Global Management during the 2nd quarter worth $25,000. Activest Wealth Management raised its position 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 worth $28,000 after acquiring an additional 175 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Apollo Global Management during the third quarter valued at $28,000. SJS Investment Consulting Inc. boosted its holdings in Apollo Global Management by 1,123.5% in the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 191 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its holdings in Apollo Global Management by 6,900.0% in the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on APO shares. Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. The Goldman Sachs Group reissued a “buy” rating and set a $155.00 price target on shares of Apollo Global Management in a research note on Tuesday, November 25th. Evercore ISI increased their price objective on shares of Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Citigroup lowered 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 report on Monday, October 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 29th. One 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $166.23.

Apollo Global Management Stock Performance

NYSE APO opened at $146.45 on Monday. The firm has a market capitalization of $85.00 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 1.27 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 Inc. has a 1 year low of $102.58 and a 1 year high of $174.91. The firm’s 50 day simple moving average is $136.44 and its 200 day simple moving average is $137.46.

Apollo Global Management Announces Dividend

The business also recently declared 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, November 17th. Apollo Global Management’s dividend payout ratio (DPR) is presently 29.82%.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 6,000 shares of the business’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 $42,787,621.64. The trade was a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.20% of the stock is owned by corporate insiders.

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.