Universal Beteiligungs und Servicegesellschaft mbH Purchases 19,929 Shares of Apollo Global Management Inc. $APO

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 12.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 176,480 shares of the financial services provider’s stock after purchasing an additional 19,929 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Apollo Global Management were worth $25,037,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in APO. GW&K Investment Management LLC raised its stake in shares of Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 87 shares during the last quarter. Activest Wealth Management grew its position in Apollo Global Management by 875.0% during the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 175 shares during the last quarter. Rosenberg Matthew Hamilton increased its holdings in Apollo Global Management by 6,900.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 207 shares in the last quarter. Andra AP fonden bought a new position in Apollo Global Management in the 2nd quarter valued at $31,000. Finally, Bay Harbor Wealth Management LLC raised its position in Apollo Global Management by 5,200.0% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 260 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on APO. Citigroup lowered their target price on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. BMO Capital Markets initiated coverage on shares of Apollo Global Management in a research report on Friday, October 3rd. They issued a “market perform” rating and a $132.00 price objective for the company. Keefe, Bruyette & Woods upped their target price on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Finally, Evercore ISI increased their price target on shares of Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Apollo Global Management Trading Down 4.9%

Shares of NYSE APO opened at $124.26 on Tuesday. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $189.49. The firm has a market capitalization of $71.08 billion, a P/E ratio of 23.23, a P/E/G ratio of 1.42 and a beta of 1.63. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The company’s 50 day simple moving average is $130.46 and its 200 day simple moving average is $136.14.

Apollo Global Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, November 17th. Apollo Global Management’s dividend payout ratio (DPR) is currently 29.82%.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 915,000 shares of the company’s 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 sale, the insider owned 4,526,000 shares in the company, valued at approximately $606,619,780. This represents a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 8.20% of the stock is currently owned by company insiders.

About Apollo Global Management

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.