UniSuper Management Pty Ltd Has $5.37 Million Stake in Apollo Global Management Inc. $APO

UniSuper Management Pty Ltd boosted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 23.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 40,324 shares of the financial services provider’s stock after buying an additional 7,580 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Apollo Global Management were worth $5,374,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of APO. Amundi boosted its position in shares of Apollo Global Management by 68.9% in the second quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock worth $187,199,000 after buying an additional 534,904 shares during the period. Marshall Wace LLP lifted its stake in Apollo Global Management by 5,670.1% in the 2nd quarter. Marshall Wace LLP now owns 395,020 shares of the financial services provider’s stock worth $56,041,000 after acquiring an additional 388,174 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in Apollo Global Management by 54.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 761,721 shares of the financial services provider’s stock worth $108,065,000 after acquiring an additional 268,119 shares during the period. Select Equity Group L.P. grew its stake in Apollo Global Management by 52.9% during the 2nd quarter. Select Equity Group L.P. now owns 689,212 shares of the financial services provider’s stock valued at $97,779,000 after acquiring an additional 238,327 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in Apollo Global Management by 39.2% during the 2nd quarter. Hsbc Holdings PLC now owns 842,391 shares of the financial services provider’s stock valued at $119,482,000 after acquiring an additional 237,180 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on APO. Weiss Ratings restated a “hold (c)” rating on shares of Apollo Global Management in a report on Monday, December 29th. Evercore ISI lifted their target price on shares of Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Keefe, Bruyette & Woods boosted their price target on shares of Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. UBS Group cut their price objective on Apollo Global Management from $186.00 to $182.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Finally, Piper Sandler restated an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.62.

Apollo Global Management Stock Down 2.5%

APO stock opened at $136.30 on Monday. The firm has a market cap of $79.11 billion, a PE ratio of 19.93, a PEG ratio of 1.22 and a beta of 1.59. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $174.91. The company has a fifty day simple moving average of $140.96 and a 200 day simple moving average of $137.78. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were given a $0.51 dividend. 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 1.5%. Apollo Global Management’s payout ratio is currently 29.82%.

Insider Activity

In other news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the sale, the chief financial officer owned 325,604 shares in the company, valued at approximately $42,787,621.64. This represents a 1.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Profile

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.