Universal Beteiligungs und Servicegesellschaft mbH Has $25.18 Million Position in Apollo Global Management Inc. $APO

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Apollo Global Management Inc. (NYSE:APO) by 7.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,961 shares of the financial services provider’s stock after acquiring an additional 12,481 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Apollo Global Management were worth $25,183,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of APO. Wealth Enhancement Advisory Services LLC boosted its position in shares of Apollo Global Management by 55.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,213 shares of the financial services provider’s stock worth $2,342,000 after purchasing an additional 5,774 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Apollo Global Management by 16.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,382 shares of the financial services provider’s stock worth $338,000 after buying an additional 342 shares during the period. Ballentine Partners LLC lifted its holdings in Apollo Global Management by 5.1% during the second quarter. Ballentine Partners LLC now owns 4,574 shares of the financial services provider’s stock worth $649,000 after acquiring an additional 222 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its stake in Apollo Global Management by 6.9% in the second quarter. Beacon Investment Advisory Services Inc. now owns 56,158 shares of the financial services provider’s stock valued at $7,967,000 after acquiring an additional 3,624 shares during the period. Finally, Perennial Advisors LLC bought a new stake in shares of Apollo Global Management in the second quarter worth about $255,000. Institutional investors own 77.06% of the company’s stock.

Insider Activity at Apollo Global Management

In other 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 value of $788,460.00. Following the completion of the transaction, the chief financial officer owned 325,604 shares in the company, valued at $42,787,621.64. This trade represents a 1.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.20% of the stock is currently owned by corporate insiders.

Apollo Global Management Stock Performance

Shares of APO stock opened at $139.68 on Friday. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $174.91. The company’s fifty day simple moving average is $140.84 and its 200-day simple moving average is $137.92. The firm has a market cap of $81.07 billion, a PE ratio of 20.42, a P/E/G ratio of 1.25 and a beta of 1.59. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33.

Apollo Global Management Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Piper Sandler reiterated an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. Barclays cut their price target on shares of Apollo Global Management from $172.00 to $168.00 and set an “overweight” rating on the stock in a research note on Friday, January 9th. Morgan Stanley raised shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $151.00 to $180.00 in a research report on Thursday, November 20th. Wolfe Research reaffirmed an “outperform” rating on shares of Apollo Global Management in a research report on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $165.62.

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.