Apollo Global Management Inc. $APO Position Lessened by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lowered its position in Apollo Global Management Inc. (NYSE:APO) by 25.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,314,403 shares of the financial services provider’s stock after selling 443,449 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.23% of Apollo Global Management worth $186,474,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Y.D. More Investments Ltd increased its holdings in Apollo Global Management by 14.4% in the first quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider’s stock worth $85,000 after buying an additional 78 shares during the last quarter. Walled Lake Planning & Wealth Management LLC increased its stake in shares of Apollo Global Management by 3.3% during the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 80 shares during the last quarter. GW&K Investment Management LLC raised its holdings in shares of Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 87 shares in the last quarter. Tower Wealth Partners Inc. lifted its stake in shares of Apollo Global Management by 4.7% in the 2nd quarter. Tower Wealth Partners Inc. now owns 2,086 shares of the financial services provider’s stock valued at $296,000 after purchasing an additional 94 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of Apollo Global Management by 0.9% during the 1st quarter. Arkadios Wealth Advisors now owns 10,896 shares of the financial services provider’s stock worth $1,492,000 after acquiring an additional 99 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Stock Up 2.4%

NYSE APO opened at $127.30 on Thursday. The stock’s 50 day simple moving average is $130.13 and its 200 day simple moving average is $136.00. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $189.49. The firm has a market cap of $72.82 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 1.42 and a beta of 1.63. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, November 17th. Apollo Global Management’s payout ratio is currently 29.82%.

Wall Street Analysts Forecast Growth

APO has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Evercore ISI increased their price objective on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. BMO Capital Markets initiated coverage on shares of Apollo Global Management in a research report on Friday, October 3rd. They set a “market perform” rating and a $132.00 target price on the stock. Morgan Stanley cut their target price on shares of Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Apollo Global Management in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $160.67.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 915,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the transaction, the insider directly owned 4,526,000 shares of the company’s stock, valued at approximately $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.20% of the company’s stock.

About Apollo Global Management

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.