SOL Capital Management CO Increases Position in Apollo Global Management Inc. $APO

SOL Capital Management CO grew its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 10.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,536 shares of the financial services provider’s stock after purchasing an additional 10,393 shares during the quarter. Apollo Global Management makes up approximately 1.3% of SOL Capital Management CO’s investment portfolio, making the stock its 20th largest position. SOL Capital Management CO’s holdings in Apollo Global Management were worth $14,331,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Delos Wealth Advisors LLC purchased a new stake in shares of Apollo Global Management in the 2nd quarter worth approximately $25,000. Activest Wealth Management grew its holdings in Apollo Global Management by 875.0% in the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 175 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Apollo Global Management in the 3rd quarter worth $28,000. SJS Investment Consulting Inc. raised its position in shares of Apollo Global Management by 1,123.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 191 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its holdings in shares of Apollo Global Management by 6,900.0% in the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock worth $30,000 after buying an additional 207 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on APO shares. Morgan Stanley upgraded shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $151.00 to $180.00 in a report on Thursday, November 20th. Barclays dropped 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 report on Friday, January 9th. UBS Group cut their price objective on Apollo Global Management from $186.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday. Evercore ISI lifted their target price on shares of Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Finally, Wall Street Zen raised shares of 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, thirteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $165.62.

Apollo Global Management Stock Performance

NYSE:APO opened at $144.01 on Friday. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $174.91. The firm has a market capitalization of $83.59 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 1.29 and a beta of 1.59. The company’s 50-day moving average is $140.13 and its two-hundred day moving average is $138.01. 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 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 paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, November 17th. Apollo Global Management’s dividend payout ratio (DPR) is 29.82%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction dated 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 sale, the chief financial officer directly owned 325,604 shares in the company, valued at $42,787,621.64. This trade represents a 1.81% decrease in their ownership of the stock. 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 Company 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.