Oregon Public Employees Retirement Fund Boosts Stock Position in Apollo Global Management Inc. $APO

Oregon Public Employees Retirement Fund boosted its position in Apollo Global Management Inc. (NYSE:APO) by 34.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,636 shares of the financial services provider’s stock after purchasing an additional 13,612 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Apollo Global Management were worth $7,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortress Financial Solutions LLC grew its holdings in shares of Apollo Global Management by 1.6% during the second quarter. Fortress Financial Solutions LLC now owns 4,561 shares of the financial services provider’s stock worth $647,000 after buying an additional 74 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in Apollo Global Management by 44.0% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 77 shares during the last quarter. Cynosure Group LLC boosted its position in Apollo Global Management by 2.6% during the third quarter. Cynosure Group LLC now owns 3,385 shares of the financial services provider’s stock worth $451,000 after acquiring an additional 85 shares during the last quarter. SOA Wealth Advisors LLC. grew its stake in Apollo Global Management by 8.5% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,169 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 92 shares during the period. Finally, Tower Wealth Partners Inc. raised its holdings in Apollo Global Management by 4.7% in the 2nd quarter. Tower Wealth Partners Inc. now owns 2,086 shares of the financial services provider’s stock valued at $296,000 after acquiring an additional 94 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Stock Down 0.3%

Shares of Apollo Global Management stock opened at $145.81 on Friday. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $174.91. The stock has a market cap of $84.63 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 1.27 and a beta of 1.59. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average price of $138.74 and a 200 day moving average price of $137.89.

Apollo Global Management Announces Dividend

The business also recently announced 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 was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. Apollo Global Management’s dividend payout ratio (DPR) is 29.82%.

Insider Activity

In related 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 transaction of $788,460.00. Following the sale, the chief financial officer directly owned 325,604 shares in the company, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 8.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wolfe Research restated an “outperform” rating on shares of Apollo Global Management in a report on Wednesday. Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods upped their price target on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Citigroup cut their price target on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, UBS Group began coverage on Apollo Global Management in a report on Thursday, December 11th. They set a “buy” rating and a $186.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.92.

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.