Apollo Global Management, Inc. (NYSE:APO) Stock Position Lifted by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. increased its stake in Apollo Global Management, Inc. (NYSE:APO) by 3.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 300,474 shares of the financial services provider’s stock after buying an additional 10,948 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Apollo Global Management were worth $37,532,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Point72 DIFC Ltd lifted its stake in shares of Apollo Global Management by 1,665.1% in the 3rd quarter. Point72 DIFC Ltd now owns 68,927 shares of the financial services provider’s stock worth $8,610,000 after acquiring an additional 65,022 shares during the period. Prana Capital Management LP boosted its stake in Apollo Global Management by 9.8% during the 3rd quarter. Prana Capital Management LP now owns 541,658 shares of the financial services provider’s stock valued at $67,659,000 after purchasing an additional 48,181 shares in the last quarter. Menard Financial Group LLC increased its position in shares of Apollo Global Management by 1.2% during the 3rd quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 71 shares during the period. Investment Management Corp of Ontario raised its stake in shares of Apollo Global Management by 49.9% in the 3rd quarter. Investment Management Corp of Ontario now owns 13,222 shares of the financial services provider’s stock worth $1,652,000 after buying an additional 4,400 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Apollo Global Management by 0.4% during the third quarter. Janus Henderson Group PLC now owns 1,339,355 shares of the financial services provider’s stock valued at $167,298,000 after buying an additional 4,892 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Insider Activity

In related news, insider Leon D. Black sold 58,200 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the completion of the transaction, the insider now owns 35,104,773 shares in the company, valued at $6,086,114,495.01. This represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the sale, the chief financial officer now owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is owned by company insiders.

Apollo Global Management Stock Up 0.6 %

Shares of NYSE:APO opened at $175.73 on Friday. The business’s 50 day simple moving average is $151.42 and its two-hundred day simple moving average is $127.98. Apollo Global Management, Inc. has a 52-week low of $89.45 and a 52-week high of $178.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $99.43 billion, a P/E ratio of 18.26, a PEG ratio of 1.79 and a beta of 1.63.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.463 per share. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.05%. Apollo Global Management’s dividend payout ratio is 19.33%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on APO shares. Wolfe Research assumed coverage on shares of Apollo Global Management in a report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 target price on the stock. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lifted their target price on Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods upped their price objective on shares of Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley increased their target price on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.05.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.