Apollo Global Management Inc. $APO Stake Raised by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. raised its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 2,395.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,708 shares of the financial services provider’s stock after acquiring an additional 119,710 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Apollo Global Management were worth $16,620,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in Apollo Global Management by 55.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,213 shares of the financial services provider’s stock valued at $2,342,000 after purchasing an additional 5,774 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Apollo Global Management by 299.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 60,840 shares of the financial services provider’s stock valued at $8,631,000 after buying an additional 45,596 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Apollo Global Management by 16.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,382 shares of the financial services provider’s stock valued at $338,000 after acquiring an additional 342 shares in the last quarter. Sowell Financial Services LLC increased its stake in shares of Apollo Global Management by 8.2% in the second quarter. Sowell Financial Services LLC now owns 6,886 shares of the financial services provider’s stock worth $977,000 after acquiring an additional 524 shares during the last quarter. Finally, Clear Harbor Asset Management LLC raised its holdings in shares of Apollo Global Management by 5.7% during the second quarter. Clear Harbor Asset Management LLC now owns 7,223 shares of the financial services provider’s stock worth $1,025,000 after acquiring an additional 392 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 6,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the sale, the chief financial officer directly owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.50% of the stock is owned by company insiders.

Apollo Global Management Stock Down 3.7%

Shares of Apollo Global Management stock opened at $138.50 on Wednesday. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $174.91. The stock has a market capitalization of $80.39 billion, a P/E ratio of 20.25, a PEG ratio of 1.29 and a beta of 1.59. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average price of $140.51 and a two-hundred day moving average price of $137.90.

Apollo Global Management Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Apollo Global Management’s payout ratio is currently 29.82%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on APO. BMO Capital Markets set a $136.00 target price on Apollo Global Management and gave the stock a “market perform” rating in a research report on Tuesday, November 25th. UBS Group lowered their price target on Apollo Global Management from $186.00 to $182.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Citigroup dropped their price objective on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Apollo Global Management in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $165.62.

Apollo Global Management 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.