MGO One Seven LLC Sells 9,740 Shares of Apollo Global Management Inc. $APO

MGO One Seven LLC trimmed its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 61.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,996 shares of the financial services provider’s stock after selling 9,740 shares during the quarter. MGO One Seven LLC’s holdings in Apollo Global Management were worth $799,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Delos Wealth Advisors LLC bought a new stake in shares of Apollo Global Management during the second quarter valued at about $25,000. Activest Wealth Management grew its stake in Apollo Global Management by 875.0% during the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 175 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in Apollo Global Management by 1,123.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 191 shares during the period. Nemes Rush Group LLC purchased a new stake in Apollo Global Management in the 2nd quarter worth approximately $30,000. Finally, Rosenberg Matthew Hamilton lifted its stake in Apollo Global Management by 6,900.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 207 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $144.01 on Friday. The firm has a market capitalization of $83.59 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.29 and a beta of 1.59. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $174.91. The business’s 50-day moving average price is $140.13 and its 200-day moving average price is $138.01.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders 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 annualized dividend and a dividend yield of 1.4%. Apollo Global Management’s dividend payout ratio (DPR) is 29.82%.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the sale, the chief financial officer owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. This represents a 1.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup lowered their price objective on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Piper Sandler restated an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods lifted their price target on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Cowen restated a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.62.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.