Apollo Global Management Inc. $APO Shares Purchased by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. boosted its position in Apollo Global Management Inc. (NYSE:APO) by 21.0% in the 3rd quarter, Holdings Channel reports. The fund owned 26,964 shares of the financial services provider’s stock after purchasing an additional 4,683 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Apollo Global Management were worth $3,593,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Swedbank AB grew its position in shares of Apollo Global Management by 3.7% in the second quarter. Swedbank AB now owns 80,131 shares of the financial services provider’s stock valued at $11,368,000 after purchasing an additional 2,862 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Apollo Global Management by 55.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,213 shares of the financial services provider’s stock worth $2,342,000 after buying an additional 5,774 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Apollo Global Management by 299.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 60,840 shares of the financial services provider’s stock valued at $8,631,000 after buying an additional 45,596 shares during the period. Farther Finance Advisors LLC grew its holdings in Apollo Global Management by 16.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,382 shares of the financial services provider’s stock valued at $338,000 after buying an additional 342 shares during the period. Finally, Sowell Financial Services LLC increased its stake in shares of Apollo Global Management by 8.2% during the 2nd quarter. Sowell Financial Services LLC now owns 6,886 shares of the financial services provider’s stock valued at $977,000 after acquiring an additional 524 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays decreased their target price on shares of Apollo Global Management from $172.00 to $168.00 and set an “overweight” rating on the stock in a research report on Friday, January 9th. BMO Capital Markets set a $136.00 price target on shares of Apollo Global Management and gave the company a “market perform” rating in a report on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of Apollo Global Management in a report on Monday, December 29th. Citigroup cut their target price on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, Cowen reissued a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and an average target price of $165.62.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the sale, the chief financial officer owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.20% of the stock is owned by insiders.

Apollo Global Management Stock Performance

Shares of APO stock opened at $144.01 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. The company has a market cap of $83.59 billion, a PE ratio of 21.05, a P/E/G ratio of 1.29 and a beta of 1.59. The company’s fifty day simple moving average is $140.13 and its 200-day simple moving average is $137.95. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $174.91.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were paid 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 was Monday, November 17th. Apollo Global Management’s payout ratio is currently 29.82%.

Apollo Global Management 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.