Apollo Global Management Inc. $APO Stake Lifted by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC grew its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 7.5% in the third quarter, Holdings Channel reports. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Greenleaf Trust raised its holdings in shares of Apollo Global Management by 2.6% in the 3rd quarter. Greenleaf Trust now owns 4,144 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 105 shares during the period. International Assets Investment Management LLC lifted its stake in Apollo Global Management by 3.9% in the first quarter. International Assets Investment Management LLC now owns 3,167 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 119 shares during the last quarter. Chickasaw Capital Management LLC lifted its stake in Apollo Global Management by 4.7% in the third quarter. Chickasaw Capital Management LLC now owns 2,663 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 120 shares during the last quarter. Bfsg LLC grew its holdings in Apollo Global Management by 58.4% during the third quarter. Bfsg LLC now owns 331 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 122 shares during the period. Finally, 180 Wealth Advisors LLC grew its holdings in Apollo Global Management by 2.4% during the second quarter. 180 Wealth Advisors LLC now owns 5,571 shares of the financial services provider’s stock valued at $659,000 after purchasing an additional 131 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 0.3%

APO opened at $123.06 on Thursday. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29. The company has a market cap of $72.67 billion, a PE ratio of -67.25, a price-to-earnings-growth ratio of 1.16 and a beta of 1.51. 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 50 day moving average of $120.07 and a 200 day moving average of $122.71.

Apollo Global Management Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on APO. Royal Bank Of Canada lowered their target price on Apollo Global Management from $146.00 to $138.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 4th. Bank of America cut their price target on Apollo Global Management from $163.00 to $161.00 in a research note on Monday, October 5th. Rothschild & Co Redburn lifted their price objective on Apollo Global Management from $171.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Jefferies Financial Group lowered their price objective on Apollo Global Management from $138.00 to $127.00 and set a “hold” rating on the stock in a research note on Tuesday, October 6th. Finally, Wells Fargo & Company initiated coverage on shares of Apollo Global Management in a report on Friday, October 2nd. They set an “equal weight” rating and a $127.00 price objective on the stock. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.21.

Insiders Place Their Bets

In related news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares in the company, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Whitney Chatterjee sold 7,339 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $117.83, for a total value of $864,754.37. Following the sale, the insider directly owned 129,151 shares in the company, valued at $15,217,862.33. This trade represents a 5.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 8.30% of the stock is owned by company insiders.

About Apollo Global Management

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.