30,978 Apollo Global Management Inc. $APO Shares Bought by Kestra Investment Management LLC

Kestra Investment Management LLC increased its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 655.8% during the third quarter, HoldingsChannel.com reports. The fund owned 35,702 shares of the financial services provider’s stock after buying an additional 30,978 shares during the quarter. Kestra Investment Management LLC’s holdings in Apollo Global Management were worth $4,144,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Continuum Advisory LLC purchased a new position in Apollo Global Management in the second quarter worth $30,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Apollo Global Management during the 2nd quarter valued at $31,000. Avion Wealth increased its position in shares of Apollo Global Management by 159.2% during the 3rd quarter. Avion Wealth now owns 267 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 164 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Apollo Global Management during the 2nd quarter valued at $38,000. Finally, Bfsg LLC raised its stake in shares of Apollo Global Management by 58.4% during the 3rd quarter. Bfsg LLC now owns 331 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 122 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays cut their price target on shares of Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, November 4th. Wall Street Zen downgraded shares of Apollo Global Management from a “hold” rating to a “strong sell” rating in a report on Saturday. Wells Fargo & Company initiated coverage on shares of Apollo Global Management in a report on Friday, October 2nd. They set an “equal weight” rating and a $127.00 price objective for the company. Keefe, Bruyette & Woods lowered their price objective on shares of Apollo Global Management from $135.00 to $130.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Apollo Global Management from $153.00 to $157.00 and gave the company an “overweight” rating in a research note on Wednesday, November 4th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.21.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $122.24 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $120.53 and a two-hundred day simple moving average of $122.86. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year high of $153.29. The firm has a market cap of $72.19 billion, a price-to-earnings ratio of -66.80, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 18th. Apollo Global Management’s dividend payout ratio is currently -122.95%.

Insiders Place Their Bets

In related news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the sale, the chief financial officer owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Whitney Chatterjee sold 7,339 shares of Apollo Global Management stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $117.83, for a total value of $864,754.37. Following the completion of the sale, the insider directly owned 129,151 shares of the company’s stock, valued at approximately $15,217,862.33. This trade represents a 5.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.30% of the stock is owned by corporate insiders.

Apollo Global Management Company Profile

Apollo Global Management is a global alternative asset manager that provides investment management and retirement services. Its investment strategies span private equity, credit and real assets, including infrastructure, and it serves institutional and individual investors.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan. It has since expanded its investment businesses and retirement-services operations, including through Athene, its retirement services platform.

Apollo operates across global markets and is led by co-founder Marc Rowan, who serves as chief executive officer.