Apollo Global Management Inc. $APO Shares Bought by Diversified Trust Co

Diversified Trust Co increased its position in Apollo Global Management Inc. (NYSE:APO) by 2,649.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,238 shares of the financial services provider’s stock after buying an additional 40,702 shares during the quarter. Diversified Trust Co’s holdings in Apollo Global Management were worth $5,629,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. raised its position in Apollo Global Management by 33.0% during the first quarter. Alliancebernstein L.P. now owns 2,473,614 shares of the financial services provider’s stock valued at $338,737,000 after acquiring an additional 613,124 shares in the last quarter. Amundi increased its stake in shares of Apollo Global Management by 68.9% during the 2nd quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock worth $187,199,000 after purchasing an additional 534,904 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in shares of Apollo Global Management by 1,091.1% during the 1st quarter. Alyeska Investment Group L.P. now owns 569,021 shares of the financial services provider’s stock worth $77,922,000 after purchasing an additional 521,249 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Apollo Global Management by 5,670.1% during the 2nd quarter. Marshall Wace LLP now owns 395,020 shares of the financial services provider’s stock valued at $56,041,000 after purchasing an additional 388,174 shares in the last quarter. Finally, PointState Capital LP lifted its position in shares of Apollo Global Management by 117.5% in the first quarter. PointState Capital LP now owns 614,953 shares of the financial services provider’s stock worth $84,212,000 after buying an additional 332,263 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the sale, the chief financial officer directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.20% of the stock is currently owned by corporate insiders.

Apollo Global Management Stock Performance

APO stock opened at $147.15 on Tuesday. The company has a 50 day moving average price of $134.81 and a 200 day moving average price of $137.11. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $174.91. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $85.41 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 1.51 and a beta of 1.61.

Apollo Global Management Announces Dividend

The company 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 dividend payout ratio is 29.82%.

Analyst Upgrades and Downgrades

APO has been the subject of several recent analyst reports. Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Evercore ISI upped their target price on shares of Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. UBS Group assumed coverage on shares of Apollo Global Management in a report on Thursday, December 11th. They set a “buy” rating and a $186.00 price target for the company. Keefe, Bruyette & Woods boosted their price target on shares of Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Finally, Barclays upped their price objective on shares of Apollo Global Management from $159.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. One 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $166.23.

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.