159,326 Apollo Global Management Inc. $APO Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama grew its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 164.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 256,216 shares of the financial services provider’s stock after buying an additional 159,326 shares during the quarter. Retirement Systems of Alabama’s holdings in Apollo Global Management were worth $29,736,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Apollo Global Management by 4.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock valued at $669,372,000 after buying an additional 234,517 shares during the period. Legal & General Group Plc acquired a new position in Apollo Global Management during the 2nd quarter worth approximately $459,987,000. Bank of New York Mellon Corp boosted its holdings in Apollo Global Management by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 2,901,110 shares of the financial services provider’s stock worth $323,242,000 after acquiring an additional 188,668 shares in the last quarter. Temasek Holdings Private Ltd boosted its holdings in Apollo Global Management by 214.4% in the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after acquiring an additional 1,614,813 shares in the last quarter. Finally, Curated Wealth Partners LLC grew its stake in Apollo Global Management by 91.8% in the third quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock valued at $255,887,000 after acquiring an additional 1,055,818 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO opened at $122.61 on Wednesday. The firm has a market capitalization of $72.41 billion, a P/E ratio of -67.00, a P/E/G ratio of 1.14 and a beta of 1.51. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $153.29. The stock has a 50 day moving average price of $120.24 and a two-hundred day moving average price of $122.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.41 and a current ratio of 1.41.

Apollo Global Management Dividend Announcement

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

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the transaction, the chief financial officer directly owned 396,533 shares in the company, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Whitney Chatterjee sold 7,339 shares of Apollo Global Management stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $117.83, for a total transaction of $864,754.37. Following the transaction, the insider directly owned 129,151 shares in the company, valued at $15,217,862.33. This represents a 5.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 8.30% of the company’s stock.

Analyst Upgrades and Downgrades

APO has been the subject of several recent research reports. UBS Group decreased their price objective on Apollo Global Management from $163.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 5th. Bank of America reduced their price target on shares of Apollo Global Management from $163.00 to $161.00 in a research report on Monday, October 5th. Jefferies Financial Group decreased their price target on shares of Apollo Global Management from $138.00 to $127.00 and set a “hold” rating for the company in a research note on Tuesday, October 6th. Rothschild & Co Redburn upped their price objective on shares of Apollo Global Management from $171.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Wells Fargo & Company initiated coverage on shares of Apollo Global Management in a research note on Friday, October 2nd. They issued an “equal weight” rating and a $127.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $145.21.

About Apollo Global Management

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.