Rakuten Investment Management Inc. Makes New $3.34 Million Investment in Apollo Global Management Inc. $APO

Rakuten Investment Management Inc. acquired a new stake in Apollo Global Management Inc. (NYSE:APO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 25,060 shares of the financial services provider’s stock, valued at approximately $3,340,000.

Several other hedge funds have also modified their holdings of the stock. Delos Wealth Advisors LLC purchased a new position in Apollo Global Management during the second quarter worth approximately $25,000. Activest Wealth Management grew its position in Apollo Global Management by 875.0% during the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 175 shares during the period. Sound Income Strategies LLC acquired a new position in shares of Apollo Global Management in the 3rd quarter valued at about $28,000. SJS Investment Consulting Inc. increased its position in Apollo Global Management by 1,123.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 191 shares in the last quarter. Finally, Rosenberg Matthew Hamilton raised its holdings in Apollo Global Management by 6,900.0% in the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after buying an additional 207 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on APO shares. UBS Group dropped their price objective on shares of Apollo Global Management from $186.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Barclays lowered their price target on Apollo Global Management from $172.00 to $168.00 and set an “overweight” rating for the company in a report on Friday, January 9th. BMO Capital Markets set a $136.00 price objective on Apollo Global Management and gave the stock a “market perform” rating in a research note on Tuesday, November 25th. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, November 25th. Finally, Morgan Stanley upgraded Apollo Global Management from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $151.00 to $180.00 in a report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and an average price target of $165.62.

Apollo Global Management Price Performance

Shares of APO opened at $139.68 on Friday. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $174.91. The stock’s fifty day moving average is $140.84 and its 200-day moving average is $137.92. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market capitalization of $81.07 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, November 17th. Apollo Global Management’s payout ratio is 29.82%.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were 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 represents a 1.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.20% of the company’s stock.

Apollo Global Management Company Profile

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.