Jupiter Asset Management Ltd. Buys New Holdings in Apollo Global Management, Inc. (NYSE:APO)

Jupiter Asset Management Ltd. acquired a new position in Apollo Global Management, Inc. (NYSE:APOFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,985 shares of the financial services provider’s stock, valued at approximately $447,000.

Several other large investors have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. raised its position in shares of Apollo Global Management by 23.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 674 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 128 shares during the last quarter. Signaturefd LLC raised its holdings in Apollo Global Management by 1.9% during the 2nd quarter. Signaturefd LLC now owns 7,160 shares of the financial services provider’s stock worth $550,000 after purchasing an additional 132 shares during the last quarter. MML Investors Services LLC lifted its position in Apollo Global Management by 1.3% during the 2nd quarter. MML Investors Services LLC now owns 11,144 shares of the financial services provider’s stock valued at $856,000 after purchasing an additional 145 shares during the period. Golden State Equity Partners boosted its stake in shares of Apollo Global Management by 5.0% in the 3rd quarter. Golden State Equity Partners now owns 3,308 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 157 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its position in shares of Apollo Global Management by 3.4% during the 3rd quarter. Proficio Capital Partners LLC now owns 5,096 shares of the financial services provider’s stock worth $457,000 after buying an additional 168 shares during the period. Institutional investors and hedge funds own 60.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on APO shares. BMO Capital Markets cut their price objective on shares of Apollo Global Management from $103.00 to $98.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Morgan Stanley increased their price target on Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Wells Fargo & Company raised their price target on Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday. Barclays dropped their price objective on Apollo Global Management from $109.00 to $106.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. Finally, TD Cowen initiated coverage on Apollo Global Management in a report on Thursday, January 4th. They set an “outperform” rating and a $115.00 target price on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $100.82.

Get Our Latest Research Report on Apollo Global Management

Insider Activity at Apollo Global Management

In other news, insider James C. Zelter sold 70,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $90.85, for a total value of $6,359,500.00. Following the completion of the transaction, the insider now owns 1,130,000 shares in the company, valued at $102,660,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider James C. Zelter sold 87,500 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $86.16, for a total transaction of $7,539,000.00. Following the completion of the transaction, the insider now directly owns 5,094,585 shares in the company, valued at $438,949,443.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James C. Zelter sold 70,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $90.85, for a total value of $6,359,500.00. Following the completion of the sale, the insider now directly owns 1,130,000 shares in the company, valued at approximately $102,660,500. The disclosure for this sale can be found here. 8.70% of the stock is owned by insiders.

Apollo Global Management Stock Performance

APO stock opened at $109.93 on Monday. Apollo Global Management, Inc. has a 1-year low of $55.16 and a 1-year high of $110.23. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.43. The firm has a market cap of $62.39 billion, a PE ratio of 13.07, a P/E/G ratio of 0.78 and a beta of 1.63. The business’s 50-day moving average price is $96.10 and its two-hundred day moving average price is $89.69.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, February 16th. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.45%.

Apollo Global Management Profile

(Free Report)

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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