Apollo Global Management Inc. $APO Position Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its position in Apollo Global Management Inc. (NYSE:APO) by 259.2% during the third quarter, Holdings Channel reports. The fund owned 128,377 shares of the financial services provider’s stock after acquiring an additional 92,634 shares during the period. Nisa Investment Advisors LLC’s holdings in Apollo Global Management were worth $14,899,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. GM Advisory Group LLC boosted its position in Apollo Global Management by 0.9% in the first quarter. GM Advisory Group LLC now owns 12,015 shares of the financial services provider’s stock worth $1,339,000 after purchasing an additional 108 shares during the last quarter. Pinnacle Bancorp Inc. increased its position in shares of Apollo Global Management by 14.5% during the 1st quarter. Pinnacle Bancorp Inc. now owns 924 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 117 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Apollo Global Management by 3.9% during the 1st quarter. International Assets Investment Management LLC now owns 3,167 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 119 shares during the last quarter. Chickasaw Capital Management LLC increased its position in shares of Apollo Global Management by 4.7% during the 3rd quarter. Chickasaw Capital Management LLC now owns 2,663 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 120 shares during the last quarter. Finally, 180 Wealth Advisors LLC increased its position in shares of Apollo Global Management by 2.4% during the 2nd quarter. 180 Wealth Advisors LLC now owns 5,571 shares of the financial services provider’s stock valued at $659,000 after purchasing an additional 131 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the transaction, the chief financial officer directly owned 396,533 shares in the company, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

APO has been the topic of several recent research reports. Weiss Ratings upgraded shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Piper Sandler cut their target price on shares of Apollo Global Management from $159.00 to $145.00 and set an “overweight” rating for the company in a research report on Monday. UBS Group reduced their target price on shares of Apollo Global Management from $172.00 to $163.00 and set a “buy” rating for the company in a report on Tuesday, October 13th. Evercore upped their target price on shares of Apollo Global Management from $145.00 to $146.00 in a report on Thursday, October 8th. Finally, Rothschild & Co Redburn increased their price target on shares of Apollo Global Management from $171.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.90.

Apollo Global Management Price Performance

NYSE APO opened at $111.76 on Thursday. The company has a market capitalization of $66.00 billion, a PE ratio of 40.94, a price-to-earnings-growth ratio of 1.02 and a beta of 1.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The business’s fifty day moving average is $125.24 and its 200 day moving average is $125.26. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $153.29.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. During the same quarter in the previous year, the company earned $1.92 EPS. Sell-side analysts predict that Apollo Global Management Inc. will post 7.97 earnings per share for the current year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th were given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management’s payout ratio is presently 82.42%.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.