Stevens Capital Management LP Has $427,000 Stake in Apollo Global Management Inc. $APO

Stevens Capital Management LP cut its position in Apollo Global Management Inc. (NYSE:APO) by 31.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,007 shares of the financial services provider’s stock after selling 1,348 shares during the quarter. Stevens Capital Management LP’s holdings in Apollo Global Management were worth $427,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in APO. Y.D. More Investments Ltd increased its stake in Apollo Global Management by 14.4% in the first quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 78 shares during the last quarter. Walled Lake Planning & Wealth Management LLC boosted its holdings in shares of Apollo Global Management by 3.3% in the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 80 shares in the last quarter. Tower Wealth Partners Inc. boosted its holdings in shares of 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 purchasing an additional 94 shares in the last quarter. Arkadios Wealth Advisors increased its stake in shares of Apollo Global Management by 0.9% in the 1st quarter. Arkadios Wealth Advisors now owns 10,896 shares of the financial services provider’s stock valued at $1,492,000 after purchasing an additional 99 shares during the last quarter. Finally, Angeles Wealth Management LLC raised its holdings in shares of Apollo Global Management by 2.0% during the 2nd quarter. Angeles Wealth Management LLC now owns 4,964 shares of the financial services provider’s stock worth $704,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In related news, insider Leon D. Black sold 915,000 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the transaction, the insider owned 4,526,000 shares in the company, valued at $606,619,780. The trade was a 16.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.20% of the stock is owned by corporate insiders.

Apollo Global Management Stock Up 2.5%

Apollo Global Management stock opened at $129.96 on Friday. The firm has a market cap of $74.34 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 1.42 and a beta of 1.63. Apollo Global Management Inc. has a 52-week low of $102.58 and a 52-week high of $189.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a 50 day moving average price of $129.78 and a two-hundred day moving average price of $135.95.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. Apollo Global Management’s dividend payout ratio is 29.82%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen raised Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Piper Sandler restated an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. Barclays upped their price objective on shares of Apollo Global Management from $147.00 to $158.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Citigroup cut their target price on shares of 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. Finally, Evercore ISI upped their price target on shares of Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and an average target price of $163.08.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.