Carmel Capital Partners LLC Sells 5,033 Shares of Apollo Global Management Inc. $APO

Carmel Capital Partners LLC reduced its position in Apollo Global Management Inc. (NYSE:APO) by 26.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,689 shares of the financial services provider’s stock after selling 5,033 shares during the period. Carmel Capital Partners LLC’s holdings in Apollo Global Management were worth $1,824,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Delos Wealth Advisors LLC bought a new stake in Apollo Global Management in the 2nd quarter worth approximately $25,000. Activest Wealth Management grew its holdings in shares of Apollo Global Management by 875.0% in the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Apollo Global Management in the third quarter worth $28,000. SJS Investment Consulting Inc. raised its stake in Apollo Global Management by 1,123.5% during the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 191 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in Apollo Global Management by 6,900.0% during the second 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. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

APO has been the topic of a number of research reports. UBS Group reduced their target price on shares of Apollo Global Management from $186.00 to $182.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 29th. BMO Capital Markets set a $136.00 price objective on Apollo Global Management and gave the company a “market perform” rating in a research report on Tuesday, November 25th. Piper Sandler reaffirmed an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $155.00 target price on shares of Apollo Global Management in a research report on Tuesday, November 25th. One 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. Based on data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus price target of $165.62.

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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.20% of the stock is owned by company insiders.

Apollo Global Management Stock Up 0.1%

Shares of NYSE APO opened at $139.68 on Friday. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $174.91. The firm has a 50-day simple moving average of $140.84 and a two-hundred day simple moving average of $137.92. The company has a market cap of $81.07 billion, a P/E ratio of 20.42, a PEG ratio of 1.25 and a beta of 1.59. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 17th were issued 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 yield of 1.5%. Apollo Global Management’s payout ratio is presently 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.