UMB Bank n.a. Has $14.62 Million Stock Holdings in Apollo Global Management Inc. $APO

UMB Bank n.a. increased its position in Apollo Global Management Inc. (NYSE:APO) by 60.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 109,672 shares of the financial services provider’s stock after purchasing an additional 41,142 shares during the quarter. UMB Bank n.a.’s holdings in Apollo Global Management were worth $14,616,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in APO. Delos Wealth Advisors LLC bought a new stake in shares of Apollo Global Management during the second quarter valued at approximately $25,000. Activest Wealth Management grew its position in Apollo Global Management by 875.0% in the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 175 shares during the period. Sound Income Strategies LLC bought a new stake in Apollo Global Management during the 3rd quarter valued at $28,000. SJS Investment Consulting Inc. raised its holdings in Apollo Global Management by 1,123.5% during the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after buying an additional 191 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its stake 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 valued at $30,000 after buying an additional 207 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Trading Up 0.1%

Shares of APO stock opened at $134.56 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The firm has a market cap of $78.10 billion, a P/E ratio of 19.67, a PEG ratio of 1.21 and a beta of 1.59. The company has a 50 day moving average of $141.60 and a 200-day moving average of $137.34. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $174.91.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Apollo Global Management’s payout ratio is presently 29.82%.

Insider Activity

In other news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction on Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the transaction, the chief financial officer directly owned 325,604 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on APO. The Goldman Sachs Group reissued a “buy” rating and set a $155.00 target price on shares of Apollo Global Management in a research report on Tuesday, November 25th. Keefe, Bruyette & Woods boosted their price objective on Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Evercore ISI raised their target price on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. BMO Capital Markets set a $136.00 target price on Apollo Global Management and gave the company a “market perform” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.62.

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.