MASTERINVEST Kapitalanlage GmbH Invests $1.47 Million in Apollo Global Management Inc. $APO

MASTERINVEST Kapitalanlage GmbH bought a new position in shares of Apollo Global Management Inc. (NYSE:APO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,352 shares of the financial services provider’s stock, valued at approximately $1,469,000.

A number of other large investors also recently added to or reduced their stakes in APO. Delos Wealth Advisors LLC bought a new stake in shares of Apollo Global Management during the second quarter valued at approximately $25,000. Activest Wealth Management boosted its position in shares of Apollo Global Management by 875.0% during the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 175 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in Apollo Global Management by 6,900.0% during the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares in the last quarter. Nemes Rush Group LLC bought a new stake in Apollo Global Management in the 2nd quarter valued at $30,000. Finally, Andra AP fonden purchased a new stake in Apollo Global Management in the 2nd quarter worth $31,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on APO shares. 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. Keefe, Bruyette & Woods increased their price target on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. UBS Group initiated coverage on Apollo Global Management in a report on Thursday. They set a “buy” rating and a $186.00 price target for the company. Wall Street Zen raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Morgan Stanley upgraded shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $151.00 to $180.00 in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $166.23.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 6,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $131.41, for a total value of $788,460.00. Following the sale, the chief financial officer directly owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This represents a 1.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Down 1.5%

NYSE APO opened at $148.06 on Monday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of $129.64 and a two-hundred day moving average of $135.98. The firm has a market capitalization of $85.94 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 1.46 and a beta of 1.61. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $179.42.

Apollo Global Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 17th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. Apollo Global Management’s payout ratio is currently 29.82%.

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.