Apollo Global Management Inc. $APO Shares Bought by Wealthspire Advisors LLC

Wealthspire Advisors LLC grew its holdings in Apollo Global Management Inc. (NYSE:APO) by 6.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,379 shares of the financial services provider’s stock after buying an additional 1,500 shares during the period. Wealthspire Advisors LLC’s holdings in Apollo Global Management were worth $3,317,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of APO. Private Advisor Group LLC boosted its holdings in shares of Apollo Global Management by 44.2% during the 1st quarter. Private Advisor Group LLC now owns 16,336 shares of the financial services provider’s stock worth $2,237,000 after purchasing an additional 5,005 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in Apollo Global Management by 2.4% during the first quarter. J.W. Cole Advisors Inc. now owns 10,441 shares of the financial services provider’s stock worth $1,430,000 after buying an additional 244 shares in the last quarter. GW&K Investment Management LLC boosted its stake in Apollo Global Management by 84.5% during the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after buying an additional 87 shares during the last quarter. HighPoint Advisor Group LLC grew its holdings in Apollo Global Management by 21.0% in the 1st quarter. HighPoint Advisor Group LLC now owns 3,216 shares of the financial services provider’s stock valued at $442,000 after buying an additional 558 shares in the last quarter. Finally, PFG Advisors increased its stake in shares of Apollo Global Management by 6.3% in the 1st quarter. PFG Advisors now owns 2,241 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 132 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Trading Up 2.4%

APO opened at $127.30 on Thursday. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $189.49. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $130.13 and a 200-day simple moving average of $136.00. The firm has a market cap of $72.82 billion, a P/E ratio of 23.79, a P/E/G ratio of 1.42 and a beta of 1.63.

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, November 17th. Apollo Global Management’s dividend payout ratio (DPR) is 29.82%.

Insiders Place Their Bets

In other Apollo Global Management news, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $134.03, for a total value of $122,637,450.00. Following the completion of the transaction, the insider directly owned 4,526,000 shares of the company’s stock, valued at $606,619,780. The trade was a 16.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

APO has been the topic of several recent research reports. Barclays boosted their price target on shares of Apollo Global Management from $147.00 to $158.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Piper Sandler reaffirmed an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. Evercore ISI boosted their target price 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. BMO Capital Markets started coverage on shares of Apollo Global Management in a report on Friday, October 3rd. They set a “market perform” rating and a $132.00 price target for the company. Finally, Wall Street Zen raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and a consensus target price of $163.08.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.