Apollo Global Management Inc. $APO Stock: Carson Advisory Inc. Raises Position

Carson Advisory Inc. increased its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 151.5% during the 3rd quarter, Holdings Channel reports. The fund owned 11,249 shares of the financial services provider’s stock after purchasing an additional 6,776 shares during the quarter. Carson Advisory Inc.’s holdings in Apollo Global Management were worth $1,306,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of APO. ProVise Management Group LLC boosted its position in Apollo Global Management by 557.1% in the 3rd quarter. ProVise Management Group LLC now owns 20,699 shares of the financial services provider’s stock worth $2,402,000 after purchasing an additional 17,549 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of Apollo Global Management by 170.5% during the 3rd quarter. Moors & Cabot Inc. now owns 31,652 shares of the financial services provider’s stock valued at $3,674,000 after purchasing an additional 19,952 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Apollo Global Management by 98.4% during the 3rd quarter. William Blair Investment Management LLC now owns 16,601 shares of the financial services provider’s stock valued at $1,927,000 after purchasing an additional 8,234 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Apollo Global Management by 8,462.5% in the 3rd quarter. Allworth Financial LP now owns 190,258 shares of the financial services provider’s stock valued at $20,481,000 after purchasing an additional 188,036 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Apollo Global Management by 571.6% in the 3rd quarter. Fisher Asset Management LLC now owns 22,963 shares of the financial services provider’s stock valued at $2,665,000 after purchasing an additional 19,544 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Apollo Global Management news, insider Whitney Chatterjee sold 7,339 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total transaction of $864,754.37. Following the transaction, the insider directly owned 129,151 shares of the company’s stock, valued at $15,217,862.33. This trade represents a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.30% of the company’s stock.

Apollo Global Management Trading Up 1.7%

Shares of NYSE:APO opened at $123.38 on Friday. 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 capitalization of $72.84 billion, a price-to-earnings ratio of -67.42, a price-to-earnings-growth ratio of 1.15 and a beta of 1.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.41 and a quick ratio of 1.41. The business’s 50 day moving average price is $119.63 and its 200-day moving average price is $122.62.

Apollo Global Management Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently issued reports on APO shares. Barclays lowered 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. HSBC started coverage on shares of Apollo Global Management in a report on Monday, July 20th. They issued a “buy” rating and a $145.00 price objective for the company. Weiss Ratings downgraded shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. TD Cowen lowered their target price on shares of Apollo Global Management from $154.00 to $136.00 and set a “buy” rating on the stock in a research note on Wednesday, November 4th. Finally, JPMorgan Chase & Co. raised their target price on Apollo Global Management from $153.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. Twelve analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.21.

About Apollo Global Management

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.