Strs Ohio Reduces Stock Holdings in Apollo Global Management Inc. $APO

Strs Ohio trimmed its position in shares of Apollo Global Management Inc. (NYSE:APO) by 47.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 125,684 shares of the financial services provider’s stock after selling 114,392 shares during the period. Strs Ohio’s holdings in Apollo Global Management were worth $16,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Diversified Trust Co grew its stake in Apollo Global Management by 2,649.9% in the 3rd quarter. Diversified Trust Co now owns 42,238 shares of the financial services provider’s stock valued at $5,629,000 after buying an additional 40,702 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Apollo Global Management by 39.2% in the second quarter. Hsbc Holdings PLC now owns 842,391 shares of the financial services provider’s stock worth $119,482,000 after acquiring an additional 237,180 shares during the period. Stock Yards Bank & Trust Co. bought a new position in shares of Apollo Global Management in the second quarter worth $709,000. Asio Capital LLC purchased a new position in shares of Apollo Global Management in the third quarter valued at $4,296,000. Finally, Callodine Capital Management LP raised its stake in shares of Apollo Global Management by 236.2% during the 2nd quarter. Callodine Capital Management LP now owns 270,000 shares of the financial services provider’s stock valued at $38,305,000 after purchasing an additional 189,693 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

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 stock was sold at an average price of $131.41, for a total transaction of $788,460.00. Following the transaction, the chief financial officer owned 325,604 shares in the company, valued at $42,787,621.64. The trade was a 1.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on APO shares. UBS Group reduced their target price on Apollo Global Management from $186.00 to $182.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Keefe, Bruyette & Woods raised their price target on shares of Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Citigroup reduced their price target on shares of 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 29th. Finally, Evercore ISI lifted their price objective on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and an average target price of $165.62.

Apollo Global Management Trading Down 2.5%

Shares of APO stock opened at $136.30 on Friday. 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 Inc. has a 1-year low of $102.58 and a 1-year high of $174.91. The stock has a market capitalization of $79.11 billion, a PE ratio of 19.93, a P/E/G ratio of 1.22 and a beta of 1.59. The business has a 50-day moving average of $140.96 and a 200 day moving average of $137.84.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors 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 annualized dividend and a dividend yield of 1.5%. Apollo Global Management’s dividend payout ratio (DPR) is presently 29.82%.

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.