Corient Private Wealth LLC Acquires 9,318 Shares of Apollo Global Management Inc. $APO

Corient Private Wealth LLC grew its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 208,679 shares of the financial services provider’s stock after buying an additional 9,318 shares during the quarter. Corient Private Wealth LLC’s holdings in Apollo Global Management were worth $29,605,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Delos Wealth Advisors LLC bought a new stake in Apollo Global Management during the second quarter worth approximately $25,000. Activest Wealth Management boosted its holdings in shares of Apollo Global Management by 875.0% in the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 175 shares during the period. Rosenberg Matthew Hamilton increased its position in shares of Apollo Global Management by 6,900.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 207 shares during the last quarter. Nemes Rush Group LLC purchased a new stake in Apollo Global Management during the 2nd quarter valued at $30,000. Finally, Andra AP fonden purchased a new stake in Apollo Global Management during the 2nd quarter valued at $31,000. Institutional investors own 77.06% of the company’s stock.

Insider Activity

In related news, CFO Martin Kelly sold 6,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the transaction, the chief financial officer owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.50% of the company’s stock.

Wall Street Analysts Forecast Growth

APO has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research note on Monday. BMO Capital Markets set a $136.00 target price on shares of Apollo Global Management and gave the stock a “market perform” rating in a report on Tuesday, November 25th. Cowen reiterated a “buy” rating on shares of Apollo Global Management in a report on Tuesday, November 25th. Wall Street Zen raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Morgan Stanley upgraded Apollo Global Management from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $151.00 to $180.00 in a research report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $166.23.

Apollo Global Management Trading Up 0.3%

Shares of APO opened at $147.26 on Wednesday. The firm has a market capitalization of $85.47 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 1.44 and a beta of 1.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.49. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $178.11. The company has a 50-day moving average of $130.48 and a 200 day moving average of $136.21.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, November 17th. Apollo Global Management’s payout ratio is currently 29.82%.

Apollo Global Management Profile

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.