Apollo Global Management Inc. $APO Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its position in shares of Apollo Global Management Inc. (NYSE:APO) by 43.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,405 shares of the financial services provider’s stock after selling 26,435 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Apollo Global Management were worth $4,585,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of APO. Hsbc Holdings PLC grew its stake in shares of Apollo Global Management by 39.2% in the second quarter. Hsbc Holdings PLC now owns 842,391 shares of the financial services provider’s stock worth $119,482,000 after acquiring an additional 237,180 shares in the last quarter. Stock Yards Bank & Trust Co. purchased a new position in Apollo Global Management in the second quarter valued at $709,000. Callodine Capital Management LP boosted its holdings in Apollo Global Management by 236.2% in the second quarter. Callodine Capital Management LP now owns 270,000 shares of the financial services provider’s stock valued at $38,305,000 after purchasing an additional 189,693 shares during the period. PNC Financial Services Group Inc. grew its stake in Apollo Global Management by 24.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 59,217 shares of the financial services provider’s stock worth $8,401,000 after purchasing an additional 11,486 shares in the last quarter. Finally, Woodline Partners LP increased its holdings in Apollo Global Management by 40.7% during the 1st quarter. Woodline Partners LP now owns 37,764 shares of the financial services provider’s stock worth $5,171,000 after purchasing an additional 10,920 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Stock Up 0.1%

Apollo Global Management stock opened at $146.51 on Monday. The company has a market capitalization of $85.04 billion, a P/E ratio of 21.42, a PEG ratio of 1.44 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 fifty-two week low of $102.58 and a fifty-two week high of $175.08. The stock has a 50-day simple moving average of $131.93 and a 200-day simple moving average of $136.54.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were given a dividend of $0.51 per share. The ex-dividend date was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. Apollo Global Management’s dividend payout ratio (DPR) is 29.82%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Citigroup decreased their price objective on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. The Goldman Sachs Group reiterated a “buy” rating and issued a $155.00 price target on shares of Apollo Global Management in a research note on Tuesday, November 25th. Barclays boosted their price target on shares of Apollo Global Management from $159.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. Wall Street Zen raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $166.23.

Insider Activity

In other news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction 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 transaction, the chief financial officer directly owned 325,604 shares of the company’s stock, valued at $42,787,621.64. The trade was a 1.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.