Provident Co of the Employees of the Hebrew University LTD purchased a new position in Apollo Global Management Inc. (NYSE:APO – Free Report) during the 4th quarter, Holdings Channel reports. The fund purchased 11,493 shares of the financial services provider’s stock, valued at approximately $1,664,000. Apollo Global Management comprises 1.7% of Provident Co of the Employees of the Hebrew University LTD’s holdings, making the stock its 24th largest holding.
Other institutional investors have also added to or reduced their stakes in the company. Atlantic Union Bankshares Corp raised its position in Apollo Global Management by 99.0% in the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 99 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management in the fourth quarter worth approximately $29,000. Physician Wealth Advisors Inc. raised its position in Apollo Global Management by 57.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 96 shares during the period. Greykasell Wealth Strategies Inc. bought a new position in Apollo Global Management in the fourth quarter worth approximately $42,000. Finally, City Holding Co. raised its position in Apollo Global Management by 391.9% in the fourth quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 243 shares during the period. 77.06% of the stock is currently owned by institutional investors.
Apollo Global Management Stock Down 0.3%
Shares of APO stock opened at $128.01 on Friday. The company has a market capitalization of $73.80 billion, a price-to-earnings ratio of 81.53, a PEG ratio of 1.10 and a beta of 1.50. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $157.28. The company’s fifty day moving average price is $122.81 and its 200-day moving average price is $127.80. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73.
Apollo Global Management Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were issued a $0.5625 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.8%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s payout ratio is presently 143.31%.
Analysts Set New Price Targets
Several research analysts have weighed in on APO shares. Morgan Stanley decreased their price target on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. UBS Group raised their price objective on shares of Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a research report on Thursday, May 7th. Argus upgraded shares of Apollo Global Management to a “strong-buy” rating in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group decreased their price objective on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.23.
Insider Transactions at Apollo Global Management
In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the sale, the insider directly owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. The trade was a 1.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 8.30% of the company’s stock.
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.
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