Permanent Capital Management LP Makes New Investment in Apollo Global Management Inc. $APO

Permanent Capital Management LP acquired a new stake in shares of Apollo Global Management Inc. (NYSE:APO) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,484 shares of the financial services provider’s stock, valued at approximately $464,000.

Other hedge funds have also modified their holdings of the company. Apella Capital LLC bought a new stake in Apollo Global Management in the third quarter worth $384,000. Capricorn Fund Managers Ltd bought a new stake in shares of Apollo Global Management in the 3rd quarter worth about $1,773,000. Beacon Investment Advisory Services Inc. increased its holdings in shares of Apollo Global Management by 14.6% in the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 64,382 shares of the financial services provider’s stock worth $8,580,000 after buying an additional 8,224 shares during the last quarter. Asio Capital LLC purchased a new stake in shares of Apollo Global Management during the 3rd quarter valued at about $4,296,000. Finally, Regent Peak Wealth Advisors LLC bought a new position in shares of Apollo Global Management in the 3rd quarter valued at about $1,178,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $42,787,621.64. This represents a 1.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

APO has been the topic of several analyst reports. UBS Group assumed coverage on Apollo Global Management in a research note on Thursday, December 11th. They set a “buy” rating and a $186.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 22nd. Citigroup lowered their price target on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $155.00 price objective on shares of Apollo Global Management in a research note on Tuesday, November 25th. Finally, Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and an average price target of $166.23.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $148.56 on Monday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The stock’s fifty day moving average is $134.37 and its two-hundred day moving average is $137.04. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $174.91. The company has a market capitalization of $86.22 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 1.51 and a beta of 1.61.

Apollo Global Management Announces Dividend

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

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.