Apollo Global Management Inc. $APO Stock Position Boosted by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its position in Apollo Global Management Inc. (NYSE:APO) by 447.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,932 shares of the financial services provider’s stock after purchasing an additional 27,731 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Apollo Global Management were worth $3,938,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Continuum Advisory LLC acquired a new position in shares of Apollo Global Management during the second quarter worth about $30,000. Keating Financial Advisory Services Inc. bought a new position in shares of Apollo Global Management during the second quarter worth about $31,000. Avion Wealth grew its holdings in shares of Apollo Global Management by 159.2% during the third quarter. Avion Wealth now owns 267 shares of the financial services provider’s stock worth $31,000 after buying an additional 164 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Apollo Global Management in the 2nd quarter valued at approximately $38,000. Finally, Bfsg LLC raised its position in Apollo Global Management by 58.4% in the 3rd quarter. Bfsg LLC now owns 331 shares of the financial services provider’s stock valued at $38,000 after buying an additional 122 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the sale, the chief financial officer owned 396,533 shares in the company, valued at $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Whitney Chatterjee sold 7,339 shares of Apollo Global Management stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total transaction of $864,754.37. Following the completion of the transaction, the insider directly owned 129,151 shares of the company’s stock, valued at approximately $15,217,862.33. This trade represents a 5.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.30% of the stock is currently owned by company insiders.

Apollo Global Management Stock Up 4.7%

APO stock opened at $122.24 on Tuesday. The company has a market cap of $72.19 billion, a price-to-earnings ratio of -66.80, a P/E/G ratio of 1.13 and a beta of 1.51. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $153.29. The business has a 50 day moving average price of $120.53 and a two-hundred day moving average price of $122.86. The company has a quick ratio of 1.70, a current ratio of 1.41 and a debt-to-equity ratio of 0.42.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Wednesday, November 18th will be issued a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 18th. Apollo Global Management’s dividend payout ratio is presently -122.95%.

Wall Street Analyst Weigh In

APO has been the subject of a number of recent research reports. Argus reduced their price target on Apollo Global Management from $160.00 to $140.00 and set a “buy” rating for the company in a research report on Friday. Rothschild & Co Redburn raised their price target on shares of Apollo Global Management from $171.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Wells Fargo & Company assumed coverage on shares of Apollo Global Management in a report on Friday, October 2nd. They issued an “equal weight” rating and a $127.00 price objective on the stock. Royal Bank Of Canada cut their price objective on shares of Apollo Global Management from $146.00 to $138.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 4th. Finally, The Goldman Sachs Group reduced their target price on shares of Apollo Global Management from $154.00 to $148.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $145.21.

Apollo Global Management Company Profile

Apollo Global Management is a global alternative asset manager that provides investment management and retirement services. Its investment strategies span private equity, credit and real assets, including infrastructure, and it serves institutional and individual investors.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan. It has since expanded its investment businesses and retirement-services operations, including through Athene, its retirement services platform.

Apollo operates across global markets and is led by co-founder Marc Rowan, who serves as chief executive officer.