Nordwand Advisors LLC Invests $323,000 in Apollo Global Management Inc. $APO

Nordwand Advisors LLC bought a new stake in Apollo Global Management Inc. (NYSE:APO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,274 shares of the financial services provider’s stock, valued at approximately $323,000.

A number of other institutional investors have also recently bought and sold shares of APO. GW&K Investment Management LLC raised its stake in shares of Apollo Global Management by 84.5% in the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock valued at $26,000 after buying an additional 87 shares in the last quarter. Activest Wealth Management raised its position in Apollo Global Management by 875.0% in the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 175 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in Apollo Global Management by 6,900.0% during the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 207 shares during the period. Andra AP fonden acquired a new stake in Apollo Global Management during the second quarter valued at approximately $31,000. Finally, Bay Harbor Wealth Management LLC grew its stake in shares of 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 period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Evercore ISI raised their target price on Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Citigroup cut their price objective on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Apollo Global Management in a report on Monday. Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.67.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $124.41 on Wednesday. The business has a fifty day moving average of $130.26 and a 200-day moving average of $136.06. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $189.49. The firm has a market cap of $71.17 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 1.42 and a beta of 1.63.

Apollo Global Management Announces Dividend

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

Insider Activity

In other news, insider Leon D. Black sold 915,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the sale, the insider directly owned 4,526,000 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. Insiders own 8.20% of the company’s stock.

Apollo Global Management Company Profile

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.