WINTON GROUP Ltd Makes New Investment in Apollo Global Management, Inc. (NYSE:APO)

WINTON GROUP Ltd purchased a new position in shares of Apollo Global Management, Inc. (NYSE:APOGet Rating) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,228 shares of the financial services provider’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Park Avenue Securities LLC increased its stake in shares of Apollo Global Management by 75.1% during the first quarter. Park Avenue Securities LLC now owns 4,943 shares of the financial services provider’s stock worth $306,000 after buying an additional 2,120 shares during the period. Signaturefd LLC increased its stake in shares of Apollo Global Management by 172.0% during the first quarter. Signaturefd LLC now owns 4,467 shares of the financial services provider’s stock worth $277,000 after buying an additional 2,825 shares during the period. Integrated Advisors Network LLC increased its stake in shares of Apollo Global Management by 5.7% during the first quarter. Integrated Advisors Network LLC now owns 5,334 shares of the financial services provider’s stock worth $331,000 after buying an additional 288 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Apollo Global Management by 84.7% during the first quarter. Steward Partners Investment Advisory LLC now owns 35,548 shares of the financial services provider’s stock worth $2,204,000 after buying an additional 16,306 shares during the period. Finally, Calamos Advisors LLC purchased a new stake in shares of Apollo Global Management during the first quarter worth approximately $6,718,000. 69.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on APO shares. TheStreet lowered shares of Apollo Global Management from a “c” rating to a “d+” rating in a research note on Wednesday, November 2nd. Credit Suisse Group began coverage on Apollo Global Management in a report on Tuesday, October 18th. They issued an “outperform” rating and a $59.50 price target for the company. Oppenheimer upped their price target on Apollo Global Management from $60.00 to $61.00 and gave the company an “outperform” rating in a report on Monday, August 8th. StockNews.com raised Apollo Global Management from a “sell” rating to a “hold” rating in a report on Monday, November 14th. Finally, Morgan Stanley upped their price target on Apollo Global Management from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, November 3rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus target price of $72.20.

Apollo Global Management Price Performance

APO stock opened at $61.94 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.08. The business has a 50 day simple moving average of $54.54 and a 200-day simple moving average of $54.58. Apollo Global Management, Inc. has a twelve month low of $45.62 and a twelve month high of $77.89. The company has a market capitalization of $35.45 billion, a P/E ratio of -10.98, a PEG ratio of 0.63 and a beta of 1.67.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Thursday, November 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Wednesday, November 16th. Apollo Global Management’s dividend payout ratio is presently -28.37%.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 20,000 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $64.88, for a total transaction of $1,297,600.00. Following the completion of the sale, the chief financial officer now directly owns 431,486 shares of the company’s stock, valued at $27,994,811.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Martin Kelly sold 20,000 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $64.88, for a total transaction of $1,297,600.00. Following the completion of the sale, the chief financial officer now directly owns 431,486 shares of the company’s stock, valued at $27,994,811.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Walter Joseph Clayton III acquired 5,000 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was acquired at an average price of $56.07 per share, with a total value of $280,350.00. Following the transaction, the director now directly owns 29,737 shares of the company’s stock, valued at approximately $1,667,353.59. The disclosure for this purchase can be found here. Corporate insiders own 15.40% of the company’s stock.

Apollo Global Management Profile

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Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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