8,412 Shares in Apollo Global Management Inc. $APO Bought by Blackhawk Capital Partners LLC

Blackhawk Capital Partners LLC purchased a new stake in Apollo Global Management Inc. (NYSE:APO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,412 shares of the financial services provider’s stock, valued at approximately $1,121,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Delos Wealth Advisors LLC acquired a new stake in shares of Apollo Global Management during the 2nd quarter worth about $25,000. Activest Wealth Management increased its stake in 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 during the last quarter. Sound Income Strategies LLC acquired a new stake in Apollo Global Management during the third quarter worth approximately $28,000. SJS Investment Consulting Inc. raised its holdings 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 worth $28,000 after purchasing an additional 191 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in shares of Apollo Global Management by 6,900.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock worth $30,000 after buying an additional 207 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the sale, the chief financial officer directly owned 325,604 shares of the company’s stock, 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 is available through this link. 8.20% of the stock is owned by company insiders.

Analyst Ratings Changes

APO has been the topic of several research analyst reports. Wolfe Research reiterated an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday, January 7th. UBS Group cut their target price on Apollo Global Management from $186.00 to $182.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Citigroup reduced their target price on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. Barclays dropped their price target on Apollo Global Management from $172.00 to $168.00 and set an “overweight” rating on the stock in a research note on Friday, January 9th. Finally, Evercore ISI boosted their price objective on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.62.

Apollo Global Management Stock Performance

NYSE APO opened at $136.30 on Friday. The firm has a market cap of $79.11 billion, a P/E ratio of 19.93, a P/E/G ratio of 1.26 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. The business’s 50-day moving average price is $140.96 and its 200 day moving average price is $137.89. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33.

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 paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, November 17th. Apollo Global Management’s dividend 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.