Mackenzie Financial Corp Has $26.64 Million Stock Position in Apollo Global Management Inc. $APO

Mackenzie Financial Corp lifted its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 1.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 187,780 shares of the financial services provider’s stock after purchasing an additional 1,869 shares during the period. Mackenzie Financial Corp’s holdings in Apollo Global Management were worth $26,640,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Fortress Financial Solutions LLC increased its holdings in Apollo Global Management by 1.6% during the 2nd quarter. Fortress Financial Solutions LLC now owns 4,561 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 74 shares in the last quarter. Y.D. More Investments Ltd boosted its position in shares of Apollo Global Management by 14.4% during the first quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider’s stock valued at $85,000 after buying an additional 78 shares during the last quarter. Tower Wealth Partners Inc. boosted its position in shares of Apollo Global Management by 4.7% during the second quarter. Tower Wealth Partners Inc. now owns 2,086 shares of the financial services provider’s stock valued at $296,000 after buying an additional 94 shares during the last quarter. Angeles Wealth Management LLC grew its holdings in Apollo Global Management by 2.0% during the second quarter. Angeles Wealth Management LLC now owns 4,964 shares of the financial services provider’s stock worth $704,000 after buying an additional 99 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its position in Apollo Global Management by 1.4% in the 2nd quarter. Waterfront Wealth Inc. now owns 7,428 shares of the financial services provider’s stock valued at $1,054,000 after buying an additional 100 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 0.9%

APO opened at $131.45 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The stock has a market cap of $76.29 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.42 and a beta of 1.63. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $189.49. The company’s 50-day moving average price is $128.71 and its two-hundred day moving average price is $135.68.

Apollo Global Management Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 1.6%. Apollo Global Management’s dividend payout ratio is presently 29.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. The Goldman Sachs Group restated a “buy” rating and set a $155.00 price target on shares of Apollo Global Management in a report on Tuesday, November 25th. Wall Street Zen raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, November 25th. Finally, Morgan Stanley upgraded Apollo Global Management from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $151.00 to $180.00 in a research note on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.85.

Insiders Place Their Bets

In other Apollo Global Management news, insider Leon D. Black sold 915,000 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $134.03, for a total value of $122,637,450.00. Following the completion of the sale, the insider directly owned 4,526,000 shares of the company’s stock, valued at $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company 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.