Apollo Global Management Inc. $APO Stock Bought by New York Life Investment Management LLC

New York Life Investment Management LLC increased its position in shares of Apollo Global Management Inc. (NYSE:APO) by 165.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 181,257 shares of the financial services provider’s stock after acquiring an additional 112,873 shares during the period. New York Life Investment Management LLC’s holdings in Apollo Global Management were worth $21,037,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Saudi Central Bank increased its stake in Apollo Global Management by 82.6% in the 2nd quarter. Saudi Central Bank now owns 29,346 shares of the financial services provider’s stock worth $3,472,000 after acquiring an additional 13,278 shares during the last quarter. Nykredit A S purchased a new stake in shares of Apollo Global Management in the 2nd quarter valued at about $14,515,000. Cooper Financial Group raised its holdings in shares of Apollo Global Management by 1,194.5% in the 3rd quarter. Cooper Financial Group now owns 48,143 shares of the financial services provider’s stock valued at $5,587,000 after acquiring an additional 44,424 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Apollo Global Management by 130.0% during the 2nd quarter. NewEdge Advisors LLC now owns 41,404 shares of the financial services provider’s stock valued at $4,899,000 after acquiring an additional 23,400 shares during the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Apollo Global Management during the 2nd quarter valued at about $172,290,000. Institutional investors own 77.06% of the company’s stock.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the transaction, the chief financial officer directly 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 filing with the SEC, which is accessible through this link. Also, insider Whitney Chatterjee sold 7,339 shares of the business’s stock in a transaction that occurred on 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 owned 129,151 shares of the company’s stock, valued at $15,217,862.33. The trade was a 5.38% decrease in their position. The SEC filing for this sale provides additional information. 8.30% of the stock is currently owned by corporate insiders.

Apollo Global Management Stock Up 0.3%

APO opened at $123.06 on Thursday. The business’s fifty day simple moving average is $120.07 and its 200 day simple moving average is $122.71. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $153.29. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.41. The stock has a market cap of $72.67 billion, a PE ratio of -67.25, a P/E/G ratio of 1.16 and a beta of 1.51.

Apollo Global Management Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. Piper Sandler reissued an “overweight” rating and set a $145.00 price objective on shares of Apollo Global Management in a report on Wednesday, November 4th. The Goldman Sachs Group lowered their target price on shares of Apollo Global Management from $154.00 to $148.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. UBS Group lowered their target price on shares of Apollo Global Management from $163.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 5th. Wall Street Zen lowered shares of Apollo Global Management from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 7th. Finally, Argus cut their price target on shares of Apollo Global Management from $160.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, November 6th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.