Stephens Inc. AR Grows Stock Position in Apollo Global Management Inc. $APO

Stephens Inc. AR boosted its position in Apollo Global Management Inc. (NYSE:APO) by 10.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 205,233 shares of the financial services provider’s stock after buying an additional 18,828 shares during the period. Stephens Inc. AR’s holdings in Apollo Global Management were worth $27,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Delos Wealth Advisors LLC purchased a new position in Apollo Global Management during the 2nd quarter worth $25,000. Activest Wealth Management boosted its holdings in shares of Apollo Global Management by 875.0% in 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 in the last quarter. Sound Income Strategies LLC acquired a new position in shares of Apollo Global Management during the third quarter worth about $28,000. SJS Investment Consulting Inc. raised its holdings in Apollo Global Management by 1,123.5% during the third 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 lifted its position 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 purchasing an additional 207 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

NYSE APO opened at $143.28 on Wednesday. The business has a 50 day moving average price of $139.40 and a 200 day moving average price of $137.91. The company has a market capitalization of $83.16 billion, a P/E ratio of 20.95, a PEG ratio of 1.25 and a beta of 1.59. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $174.91. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.49.

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 dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, November 17th. Apollo Global Management’s payout ratio is 29.82%.

Analyst Ratings Changes

Several research firms have issued reports on APO. Weiss Ratings reiterated a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 29th. Wolfe Research restated an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday, January 7th. Evercore ISI upped their price objective on Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Citigroup cut their price objective on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Piper Sandler restated an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average target price of $165.62.

Insider Activity

In related news, CFO Martin Kelly sold 6,000 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were 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 in the company, valued at $42,787,621.64. The trade was a 1.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.50% of the stock is owned by company insiders.

About Apollo Global Management

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.