Apollo Global Management Inc. $APO Shares Bought by Brookstone Capital Management

Brookstone Capital Management lifted its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 71.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,191 shares of the financial services provider’s stock after buying an additional 6,333 shares during the quarter. Brookstone Capital Management’s holdings in Apollo Global Management were worth $2,024,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in APO. Hsbc Holdings PLC boosted its stake in shares of Apollo Global Management by 39.2% during the second quarter. Hsbc Holdings PLC now owns 842,391 shares of the financial services provider’s stock worth $119,482,000 after buying an additional 237,180 shares during the period. Stock Yards Bank & Trust Co. purchased a new stake in Apollo Global Management during the 2nd quarter valued at approximately $709,000. Callodine Capital Management LP lifted its position in Apollo Global Management by 236.2% during the 2nd quarter. Callodine Capital Management LP now owns 270,000 shares of the financial services provider’s stock worth $38,305,000 after acquiring an additional 189,693 shares during the period. PNC Financial Services Group Inc. lifted its position 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 acquiring an additional 11,486 shares during the period. Finally, Woodline Partners LP grew its stake in shares of Apollo Global Management by 40.7% in the 1st quarter. Woodline Partners LP now owns 37,764 shares of the financial services provider’s stock valued at $5,171,000 after purchasing an additional 10,920 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Activity

In related news, CFO Martin Kelly sold 6,000 shares of the company’s 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 sale, the chief financial officer owned 325,604 shares in the company, valued at $42,787,621.64. This represents a 1.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 8.20% of the company’s stock.

Analyst Ratings Changes

APO has been the subject of several analyst reports. Barclays upped their price target on Apollo Global Management from $159.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Keefe, Bruyette & Woods boosted their price objective on shares of Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Piper Sandler reaffirmed an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. Finally, Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $166.23.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $148.56 on Friday. 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 one year low of $102.58 and a one year high of $174.91. The firm has a market capitalization of $86.22 billion, a P/E ratio of 21.72, a PEG ratio of 1.51 and a beta of 1.61. The company’s fifty day moving average is $134.37 and its two-hundred day moving average is $137.05.

Apollo Global Management Announces Dividend

The business also recently declared 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, November 17th. Apollo Global Management’s dividend payout ratio (DPR) is presently 29.82%.

Apollo Global Management Company 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.