Apollo Global Management Inc. $APO Stock Acquired by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC boosted its holdings in Apollo Global Management Inc. (NYSE:APO – Free Report) by 7.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 85,236 shares of the financial services provider’s stock after acquiring an additional 5,966 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Apollo Global Management were worth $9,759,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in APO. Silver Grove Financial Group Inc. boosted its position in shares of Apollo Global Management by 679.8% during the third quarter. Silver Grove Financial Group Inc. now owns 928 shares of the financial services provider’s stock valued at $108,000 after buying an additional 809 shares during the last quarter. Northbridge Financial Group LLC purchased a new stake in Apollo Global Management in the 3rd quarter valued at $238,000. AMG National Trust Bank raised its position in Apollo Global Management by 538.8% in the 3rd quarter. AMG National Trust Bank now owns 17,713 shares of the financial services provider’s stock valued at $1,955,000 after buying an additional 14,940 shares during the last quarter. Keybank National Association OH raised its position in Apollo Global Management by 2,366.0% in the 3rd quarter. Keybank National Association OH now owns 146,677 shares of the financial services provider’s stock valued at $17,023,000 after buying an additional 140,729 shares during the last quarter. Finally, New York Life Investment Management LLC lifted its stake in Apollo Global Management by 165.1% during the 3rd quarter. New York Life Investment Management LLC now owns 181,257 shares of the financial services provider’s stock valued at $21,037,000 after acquiring an additional 112,873 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on APO shares. UBS Group cut their price objective on shares of Apollo Global Management from $163.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 5th. HSBC initiated coverage on shares of Apollo Global Management in a report on Monday, July 20th. They issued a “buy” rating and a $145.00 target price for the company. BMO Capital Markets dropped their price target on shares of Apollo Global Management from $134.00 to $124.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 27th. TD Cowen cut their price target on shares of Apollo Global Management from $154.00 to $136.00 and set a “buy” rating on the stock in a report on Wednesday, November 4th. Finally, The Goldman Sachs Group cut their price target on shares of Apollo Global Management from $154.00 to $148.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.21.

Read Our Latest Report on APO

Apollo Global Management Stock Performance

Shares of APO opened at $123.06 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $72.67 billion, a price-to-earnings ratio of -67.25, a PEG ratio of 1.16 and a beta of 1.51. The stock has a 50 day moving average of $120.07 and a 200 day moving average of $122.71. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29.

Apollo Global Management Dividend Announcement

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

Insiders Place Their Bets

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

About Apollo Global Management

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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