Apollo Global Management Inc. $APO Shares Purchased by Diversified Trust Co

Diversified Trust Co increased its position in Apollo Global Management Inc. (NYSE:APO) by 55.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 79,127 shares of the financial services provider’s stock after purchasing an additional 28,301 shares during the quarter. Diversified Trust Co’s holdings in Apollo Global Management were worth $9,116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in APO. Continuum Advisory LLC bought a new position in Apollo Global Management in the second quarter worth $30,000. Keating Financial Advisory Services Inc. purchased a new position in Apollo Global Management during the second quarter valued at $31,000. Avion Wealth lifted its position in Apollo Global Management by 159.2% during the third quarter. Avion Wealth now owns 267 shares of the financial services provider’s stock valued at $31,000 after buying an additional 164 shares during the period. Fairscale Capital LLC bought a new stake in shares of Apollo Global Management during the 3rd quarter valued at $32,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Apollo Global Management during the 2nd quarter valued at $38,000. 77.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on APO shares. Argus dropped their target price on shares of Apollo Global Management from $160.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, November 6th. Weiss Ratings cut shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Piper Sandler downgraded shares of Apollo Global Management from an “overweight” rating to a “cautious” rating in a research report on Friday. Keefe, Bruyette & Woods decreased their price objective on shares of Apollo Global Management from $135.00 to $130.00 and set a “market perform” rating for the company in a report on Wednesday, November 4th. Finally, Bank of America decreased their price objective on shares of Apollo Global Management from $163.00 to $161.00 in a report on Monday, October 5th. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.21.

Insider Activity

In other news, insider Whitney Chatterjee sold 7,339 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total transaction of $864,754.37. Following the sale, the insider owned 129,151 shares of the company’s stock, valued at $15,217,862.33. This trade represents a 5.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.30% of the stock is currently owned by insiders.

Apollo Global Management Trading Up 1.7%

Apollo Global Management stock opened at $123.38 on Friday. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29. The business’s fifty day moving average is $119.63 and its 200 day moving average is $122.62. The stock has a market capitalization of $72.84 billion, a PE ratio of -67.42, a price-to-earnings-growth ratio of 1.15 and a beta of 1.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.41 and a quick ratio of 1.41.

Apollo Global Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Wednesday, November 18th will be issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently -122.95%.

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.