Mirae Asset Global Investments Co. Ltd. Purchases 12,048 Shares of Apollo Global Management Inc. $APO

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 16.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,291 shares of the financial services provider’s stock after purchasing an additional 12,048 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Apollo Global Management were worth $11,367,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised 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 acquiring an additional 36,866 shares in the last quarter. Bank of New York Mellon Corp increased its position in Apollo Global Management by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,451,537 shares of the financial services provider’s stock valued at $326,716,000 after purchasing an additional 48,053 shares during the period. Amundi raised its holdings in shares of 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 purchasing an additional 534,904 shares in the last quarter. Heard Capital LLC lifted its position in shares of 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 worth $180,880,000 after purchasing an additional 157,750 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Apollo Global Management by 8.2% during the second quarter. Swiss National Bank now owns 1,208,914 shares of the financial services provider’s stock valued at $171,509,000 after purchasing an additional 91,800 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Stock Up 0.1%

Apollo Global Management stock opened at $134.56 on Friday. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $174.91. The business has a fifty day moving average price of $141.60 and a 200-day moving average price of $137.40. 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 $78.10 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.21 and a beta of 1.59.

Apollo Global Management Dividend Announcement

The business 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 was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Apollo Global Management’s dividend payout ratio (DPR) is 29.82%.

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 that occurred 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 transaction, the chief financial officer owned 325,604 shares in the company, valued at approximately $42,787,621.64. This represents a 1.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.20% of the company’s stock.

Wall Street Analysts Forecast Growth

APO has been the subject of a number of recent research reports. TD Cowen reissued a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, November 25th. Morgan Stanley upgraded Apollo Global Management from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $151.00 to $180.00 in a report on Thursday, November 20th. Citigroup decreased their price objective on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. 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. Finally, Wolfe Research reiterated an “outperform” rating on shares of Apollo Global Management in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $165.62.

About Apollo Global Management

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.