Apollo Global Management Inc. $APO Shares Purchased by Ossiam

Ossiam boosted its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 110.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 14,227 shares of the financial services provider’s stock after purchasing an additional 7,455 shares during the quarter. Ossiam’s holdings in Apollo Global Management were worth $2,018,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in APO. Boston Partners bought a new stake in shares of Apollo Global Management in the first quarter worth $370,543,000. Alliancebernstein L.P. grew its holdings in Apollo Global Management by 33.0% during the 1st quarter. Alliancebernstein L.P. now owns 2,473,614 shares of the financial services provider’s stock worth $338,737,000 after acquiring an additional 613,124 shares in the last quarter. Amundi increased its position in shares of Apollo Global Management by 68.9% in the 2nd quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock worth $187,199,000 after purchasing an additional 534,904 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Apollo Global Management by 1,091.1% in the 1st quarter. Alyeska Investment Group L.P. now owns 569,021 shares of the financial services provider’s stock valued at $77,922,000 after purchasing an additional 521,249 shares in the last quarter. Finally, Ieq Capital LLC lifted its position in shares of Apollo Global Management by 1,518.9% during the first quarter. Ieq Capital LLC now owns 541,474 shares of the financial services provider’s stock worth $74,150,000 after purchasing an additional 508,028 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APO has been the subject of several research analyst reports. Wall Street Zen raised Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Cowen reiterated a “buy” rating on shares of Apollo Global Management in a report on Tuesday, November 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday. Evercore ISI lifted their price objective 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. Finally, Piper Sandler reiterated an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.85.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 6,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the transaction, the chief financial officer owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. The trade was a 1.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Up 4.8%

Shares of NYSE APO opened at $143.97 on Wednesday. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $179.48. The company has a market cap of $83.56 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.36 and a beta of 1.61. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. The stock’s 50 day simple moving average is $128.36 and its 200 day simple moving average is $135.62.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were given a $0.51 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $2.04 annualized dividend and a yield of 1.4%. Apollo Global Management’s dividend payout ratio (DPR) is currently 29.82%.

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.