XTX Topco Ltd Sells 25,225 Shares of Apollo Global Management Inc. $APO

XTX Topco Ltd decreased its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 81.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 5,860 shares of the financial services provider’s stock after selling 25,225 shares during the period. XTX Topco Ltd’s holdings in Apollo Global Management were worth $831,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of APO. Boston Partners purchased a new position in Apollo Global Management during the first quarter valued at approximately $370,543,000. Nuveen LLC bought a new stake in Apollo Global Management during the 1st quarter valued at $342,335,000. Vanguard Group Inc. increased its holdings in shares of Apollo Global Management by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 46,028,812 shares of the financial services provider’s stock valued at $6,303,186,000 after acquiring an additional 893,428 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Apollo Global Management by 24.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider’s stock worth $490,482,000 after acquiring an additional 706,181 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Apollo Global Management by 33.0% in the first quarter. Alliancebernstein L.P. now owns 2,473,614 shares of the financial services provider’s stock worth $338,737,000 after purchasing an additional 613,124 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on APO shares. Piper Sandler reaffirmed an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday, October 7th. The Goldman Sachs Group restated a “buy” rating and issued a $155.00 target price on shares of Apollo Global Management in a research note on Tuesday, November 25th. Evercore ISI upped their price target on Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Barclays increased their price objective on Apollo Global Management from $158.00 to $159.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. Finally, Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.85.

Insider Buying and Selling at Apollo Global Management

In other news, insider Leon D. Black sold 915,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $134.03, for a total value of $122,637,450.00. Following the completion of the transaction, the insider directly owned 4,526,000 shares in the company, valued at $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 8.20% of the company’s stock.

Apollo Global Management Trading Down 0.4%

NYSE:APO opened at $131.28 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $128.46 and a 200-day simple moving average of $135.59. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $189.49. The company has a market capitalization of $76.20 billion, a P/E ratio of 24.54, a PEG ratio of 1.42 and a beta of 1.63.

Apollo Global Management Announces Dividend

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

About Apollo Global Management

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.