Apollo Global Management Inc. $APO Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its stake in Apollo Global Management Inc. (NYSE:APO) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 86,325 shares of the financial services provider’s stock after purchasing an additional 6,059 shares during the quarter. IFM Investors Pty Ltd’s holdings in Apollo Global Management were worth $11,881,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Delos Wealth Advisors LLC purchased a new stake in Apollo Global Management during the second quarter worth about $25,000. Activest Wealth Management grew its stake in shares of Apollo Global Management by 875.0% in the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after buying an additional 175 shares in the last quarter. Nemes Rush Group LLC acquired a new position in Apollo Global Management during the 2nd quarter worth approximately $30,000. Rosenberg Matthew Hamilton grew its position in Apollo Global Management by 6,900.0% in the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares in the last quarter. Finally, Andra AP fonden purchased a new stake in shares of Apollo Global Management during the second quarter valued at approximately $31,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the transaction, the chief financial officer owned 325,604 shares in the company, valued at approximately $42,787,621.64. The trade was a 1.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of Apollo Global Management in a research note on Thursday, December 11th. They issued a “buy” rating and a $186.00 target price for the company. The Goldman Sachs Group restated a “buy” rating and issued a $155.00 price target on shares of Apollo Global Management in a research note on Tuesday, November 25th. 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. Morgan Stanley raised shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $151.00 to $180.00 in a research report on Thursday, November 20th. Finally, Evercore ISI increased their price target on shares of Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.23.

Apollo Global Management Trading Down 0.1%

NYSE:APO opened at $148.25 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.49. The business has a 50 day simple moving average of $133.28 and a 200 day simple moving average of $136.86. The firm has a market capitalization of $86.05 billion, a P/E ratio of 21.67, a P/E/G ratio of 1.51 and a beta of 1.61. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $175.08.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 17th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, November 17th. Apollo Global Management’s dividend payout ratio (DPR) is currently 29.82%.

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.