iA Global Asset Management Inc. Acquires 28,126 Shares of Apollo Global Management Inc. $APO

iA Global Asset Management Inc. lifted its holdings in Apollo Global Management Inc. (NYSE:APO) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 376,243 shares of the financial services provider’s stock after purchasing an additional 28,126 shares during the quarter. iA Global Asset Management Inc. owned about 0.07% of Apollo Global Management worth $50,142,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Apollo Global Management by 1.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,050,164 shares of the financial services provider’s stock valued at $432,727,000 after buying an additional 36,866 shares during the period. Amundi lifted its position in Apollo Global Management by 68.9% in the 2nd quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock valued at $187,199,000 after acquiring an additional 534,904 shares in the last quarter. Heard Capital LLC lifted its position in Apollo Global Management by 14.1% in the 2nd quarter. Heard Capital LLC now owns 1,274,970 shares of the financial services provider’s stock valued at $180,880,000 after acquiring an additional 157,750 shares in the last quarter. Swiss National Bank boosted its stake in Apollo Global Management by 8.2% in the 2nd quarter. Swiss National Bank now owns 1,208,914 shares of the financial services provider’s stock worth $171,509,000 after purchasing an additional 91,800 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Apollo Global Management by 9.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,051,306 shares of the financial services provider’s stock worth $140,108,000 after purchasing an additional 88,792 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on APO shares. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a report on Tuesday, November 25th. Barclays decreased their price objective on Apollo Global Management from $172.00 to $168.00 and set an “overweight” rating for the company in a report on Friday, January 9th. Wolfe Research restated an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday, January 7th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $155.00 price target on shares of Apollo Global Management in a research report on Tuesday, November 25th. Finally, BMO Capital Markets set a $136.00 price objective on shares of Apollo Global Management and gave the company a “market perform” rating in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.62.

Insiders Place Their Bets

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 shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the sale, the chief financial officer directly owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. This represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.20% of the company’s stock.

Apollo Global Management Stock Performance

Shares of NYSE APO opened at $139.68 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. The stock has a 50 day moving average price of $140.84 and a 200 day moving average price of $137.92. The stock has a market capitalization of $81.07 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $174.91.

Apollo Global Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. Apollo Global Management’s dividend payout ratio (DPR) is currently 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.