Apollo Global Management Inc. $APO Shares Purchased by Callodine Capital Management LP

Callodine Capital Management LP grew its position in Apollo Global Management Inc. (NYSE:APO) by 236.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 270,000 shares of the financial services provider’s stock after purchasing an additional 189,693 shares during the quarter. Apollo Global Management comprises approximately 4.0% of Callodine Capital Management LP’s investment portfolio, making the stock its 9th biggest position. Callodine Capital Management LP’s holdings in Apollo Global Management were worth $38,305,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in Apollo Global Management by 12.4% in the 2nd quarter. Cerity Partners LLC now owns 240,663 shares of the financial services provider’s stock valued at $34,143,000 after buying an additional 26,466 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Apollo Global Management by 4.8% during the second quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock worth $949,000 after acquiring an additional 305 shares during the period. Cary Street Partners Investment Advisory LLC raised its stake in Apollo Global Management by 44.0% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 77 shares in the last quarter. Shepherd Financial Partners LLC boosted its holdings in Apollo Global Management by 2.5% in the 2nd quarter. Shepherd Financial Partners LLC now owns 5,593 shares of the financial services provider’s stock valued at $794,000 after purchasing an additional 139 shares during the period. Finally, Morton Community Bank boosted its holdings in Apollo Global Management by 1.7% in the 2nd quarter. Morton Community Bank now owns 36,785 shares of the financial services provider’s stock valued at $5,219,000 after purchasing an additional 615 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $131.41, for a total value of $788,460.00. Following the sale, the chief financial officer owned 325,604 shares in the company, valued at $42,787,621.64. This trade represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 8.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on APO shares. Piper Sandler reiterated an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday, October 7th. Evercore ISI lifted their price objective on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Barclays increased their target price on Apollo Global Management from $158.00 to $159.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Apollo Global Management in a research report on Monday, November 24th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $155.00 price objective on shares of Apollo Global Management in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.85.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $138.13 on Friday. The stock has a fifty day moving average of $128.17 and a 200-day moving average of $135.45. The stock has a market capitalization of $80.18 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 1.36 and a beta of 1.61. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.49. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $189.49.

Apollo Global Management Dividend Announcement

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

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.