Locust Wood Capital Advisers LLC Trims Position in Apollo Global Management Inc. $APO

Locust Wood Capital Advisers LLC lowered its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 10.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 400,974 shares of the financial services provider’s stock after selling 46,262 shares during the quarter. Apollo Global Management comprises about 1.3% of Locust Wood Capital Advisers LLC’s holdings, making the stock its 26th largest position. Locust Wood Capital Advisers LLC owned approximately 0.07% of Apollo Global Management worth $53,438,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Diversified Trust Co boosted its holdings in Apollo Global Management by 2,649.9% in the 3rd quarter. Diversified Trust Co now owns 42,238 shares of the financial services provider’s stock worth $5,629,000 after acquiring an additional 40,702 shares during the period. Hsbc Holdings PLC lifted its stake in Apollo Global Management by 39.2% during the second quarter. Hsbc Holdings PLC now owns 842,391 shares of the financial services provider’s stock worth $119,482,000 after purchasing an additional 237,180 shares during the last quarter. Stock Yards Bank & Trust Co. acquired a new position in shares of Apollo Global Management in the 2nd quarter valued at about $709,000. Callodine Capital Management LP boosted its position in Apollo Global Management by 236.2% during the 2nd quarter. Callodine Capital Management LP now owns 270,000 shares of the financial services provider’s stock valued at $38,305,000 after purchasing an additional 189,693 shares during the period. Finally, Asio Capital LLC acquired a new position in Apollo Global Management during the 3rd quarter valued at about $4,296,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

APO has been the topic of a number of recent analyst reports. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, November 25th. Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday, October 7th. UBS Group dropped their price target on shares of Apollo Global Management from $186.00 to $182.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 29th. 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 analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.62.

Apollo Global Management Stock Performance

NYSE:APO opened at $139.46 on Thursday. The firm has a 50 day moving average of $140.62 and a 200-day moving average of $137.91. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $174.91. The stock has a market capitalization of $80.94 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59.

Apollo Global Management Announces Dividend

The business also recently disclosed 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 1.5%. The ex-dividend date was Monday, November 17th. Apollo Global Management’s payout ratio is 29.82%.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction on Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the sale, the chief financial officer directly owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.20% of the company’s stock.

About Apollo Global Management

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.