UBS Asset Management Americas Inc. Purchases 89,232 Shares of Apollo Global Management, Inc. (NYSE:APO)

UBS Asset Management Americas Inc. increased its position in Apollo Global Management, Inc. (NYSE:APO – Get Rating) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,297,539 shares of the financial services provider’s stock after acquiring an additional 89,232 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.23% of Apollo Global Management worth $60,336,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of APO. Truvestments Capital LLC acquired a new position in Apollo Global Management in the second quarter valued at about $26,000. Parkside Financial Bank & Trust raised its stake in shares of Apollo Global Management by 7,183.3% in the first quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 431 shares during the last quarter. Zions Bancorporation N.A. bought a new position in shares of Apollo Global Management in the first quarter worth about $30,000. Pinnacle Holdings LLC bought a new position in shares of Apollo Global Management in the third quarter worth about $31,000. Finally, Cambridge Trust Co. bought a new position in shares of Apollo Global Management in the second quarter worth about $34,000. 68.98% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

Shares of APO opened at $60.29 on Monday. Apollo Global Management, Inc. has a 12 month low of $45.62 and a 12 month high of $74.63. The firm has a fifty day simple moving average of $69.41 and a 200 day simple moving average of $62.02. The stock has a market capitalization of $34.40 billion, a price-to-earnings ratio of -10.80, a PEG ratio of 0.53 and a beta of 1.72. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.97.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Tuesday, February 21st were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Friday, February 17th. Apollo Global Management’s payout ratio is -28.67%.

Insider Buying and Selling

In related news, insider John J. Suydam sold 33,333 shares of the stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $70.00, for a total transaction of $2,333,310.00. Following the completion of the transaction, the insider now owns 328,962 shares in the company, valued at $23,027,340. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Apollo Global Management news, insider John J. Suydam sold 33,333 shares of the company’s stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $70.00, for a total transaction of $2,333,310.00. Following the sale, the insider now directly owns 328,962 shares of the company’s stock, valued at $23,027,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 15,000 shares of the company’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $70.11, for a total transaction of $1,051,650.00. Following the sale, the chief financial officer now directly owns 425,120 shares in the company, valued at $29,805,163.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 111,667 shares of company stock worth $7,898,208. 15.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Apollo Global Management from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, November 15th. Barclays boosted their price objective on shares of Apollo Global Management from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 10th. Oppenheimer boosted their price objective on shares of Apollo Global Management to $74.00 in a report on Wednesday, December 14th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, February 21st. Finally, Wells Fargo & Company upped their price target on shares of Apollo Global Management from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, February 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.44.

Apollo Global Management Profile

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Apollo Global Management, Inc provides asset management services. It offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. The company was founded in 1990 and is headquartered in New York, NY.