Baird Financial Group Inc. Buys 623 Shares of Apollo Global Management, Inc. (NYSE:APO)

Baird Financial Group Inc. grew its stake in shares of Apollo Global Management, Inc. (NYSE:APOGet Rating) by 9.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,405 shares of the financial services provider’s stock after acquiring an additional 623 shares during the quarter. Baird Financial Group Inc.’s holdings in Apollo Global Management were worth $359,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Oppenheimer Asset Management Inc. increased its stake in Apollo Global Management by 7.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,663 shares of the financial services provider’s stock valued at $905,000 after purchasing an additional 1,222 shares in the last quarter. TownSquare Capital LLC raised its holdings in Apollo Global Management by 52.3% in the 2nd quarter. TownSquare Capital LLC now owns 18,679 shares of the financial services provider’s stock worth $906,000 after acquiring an additional 6,418 shares during the last quarter. Quent Capital LLC lifted its position in Apollo Global Management by 13.3% in the 2nd quarter. Quent Capital LLC now owns 6,378 shares of the financial services provider’s stock valued at $309,000 after acquiring an additional 749 shares in the last quarter. Bank of Nova Scotia purchased a new stake in Apollo Global Management during the 2nd quarter valued at $418,000. Finally, OneAscent Financial Services LLC bought a new stake in shares of Apollo Global Management in the 2nd quarter worth $740,000. Hedge funds and other institutional investors own 69.40% of the company’s stock.

Apollo Global Management Stock Performance

NYSE:APO opened at $62.64 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a 50-day simple moving average of $54.62 and a two-hundred day simple moving average of $54.64. The firm has a market capitalization of $35.85 billion, a PE ratio of -11.11 and a beta of 1.67. Apollo Global Management, Inc. has a 52-week low of $45.62 and a 52-week high of $77.89.

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Thursday, November 17th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.55%. The ex-dividend date is Wednesday, November 16th. Apollo Global Management’s dividend payout ratio is -28.37%.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 20,000 shares of the stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $64.88, for a total value 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 accessible through the SEC website. In other Apollo Global Management news, Director Walter Joseph Clayton III purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, August 30th. The shares were bought at an average cost of $56.07 per share, with a total value of $280,350.00. Following the acquisition, the director now owns 29,737 shares in the company, valued at $1,667,353.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $64.88, for a total transaction of $1,297,600.00. Following the sale, the chief financial officer now directly owns 431,486 shares of the company’s stock, valued at $27,994,811.68. The disclosure for this sale can be found here. 15.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Morgan Stanley increased their price objective on Apollo Global Management from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, November 3rd. Oppenheimer boosted their price objective on shares of 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 upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a report on Monday, November 14th. Credit Suisse Group assumed coverage on shares of Apollo Global Management in a research note on Tuesday, October 18th. They set an “outperform” rating and a $59.50 target price for the company. Finally, UBS Group dropped their price target on Apollo Global Management from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 19th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.20.

About Apollo Global Management

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding APO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Global Management, Inc. (NYSE:APOGet Rating).

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

Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.