New York State Common Retirement Fund Grows Stock Holdings in Apollo Global Management Inc. $APO

New York State Common Retirement Fund lifted its holdings in Apollo Global Management Inc. (NYSE:APO) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 486,936 shares of the financial services provider’s stock after acquiring an additional 4,600 shares during the quarter. New York State Common Retirement Fund owned 0.09% of Apollo Global Management worth $64,894,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in Apollo Global Management by 1.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,050,164 shares of the financial services provider’s stock worth $432,727,000 after acquiring an additional 36,866 shares during the period. Bank of New York Mellon Corp lifted its holdings in Apollo Global Management by 2.0% in the third quarter. Bank of New York Mellon Corp now owns 2,451,537 shares of the financial services provider’s stock valued at $326,716,000 after acquiring an additional 48,053 shares during the period. Amundi boosted its position in Apollo Global Management by 68.9% in the 2nd quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock worth $187,199,000 after purchasing an additional 534,904 shares in the last quarter. Heard Capital LLC boosted its position in Apollo Global Management by 14.1% in the 2nd quarter. Heard Capital LLC now owns 1,274,970 shares of the financial services provider’s stock worth $180,880,000 after purchasing an additional 157,750 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Apollo Global Management by 8.2% during the 2nd quarter. Swiss National Bank now owns 1,208,914 shares of the financial services provider’s stock worth $171,509,000 after purchasing an additional 91,800 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Trading Up 1.1%

Shares of Apollo Global Management stock opened at $134.39 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $174.91. The firm has a market capitalization of $78.00 billion, a PE ratio of 19.65, a P/E/G ratio of 1.19 and a beta of 1.59. The firm’s 50-day moving average price is $141.51 and its 200 day moving average price is $137.50.

Apollo Global Management Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $155.00 price target on shares of Apollo Global Management in a report on Tuesday, November 25th. UBS Group lowered their target price on shares of Apollo Global Management from $186.00 to $182.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Citigroup dropped their target price on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Barclays reduced 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. Finally, Wolfe Research restated an “outperform” rating on shares of Apollo Global Management in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $165.62.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.20% of the company’s stock.

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.