Kapitalo Investimentos Ltda Makes New Investment in Apollo Global Management Inc. $APO

Kapitalo Investimentos Ltda purchased a new position in shares of Apollo Global Management Inc. (NYSE:APO) in the third quarter, HoldingsChannel reports. The fund purchased 47,951 shares of the financial services provider’s stock, valued at approximately $6,390,000. Apollo Global Management makes up approximately 1.2% of Kapitalo Investimentos Ltda’s holdings, making the stock its 16th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Delos Wealth Advisors LLC purchased a new position in shares of Apollo Global Management during the 2nd quarter worth $25,000. Activest Wealth Management increased its stake in Apollo Global Management by 875.0% in the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 175 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in Apollo Global Management by 1,123.5% during the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after buying an additional 191 shares during the period. Nemes Rush Group LLC acquired a new stake in Apollo Global Management in the 2nd quarter worth about $30,000. Finally, Rosenberg Matthew Hamilton boosted 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 buying an additional 207 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Up 0.9%

NYSE APO opened at $132.93 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $174.91. The business has a 50 day moving average price of $141.36 and a two-hundred day moving average price of $137.52. The stock has a market cap of $77.15 billion, a PE ratio of 19.43, a P/E/G ratio of 1.18 and a beta of 1.59.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were issued a $0.51 dividend. The ex-dividend date was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Apollo Global Management’s payout ratio is currently 29.82%.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the company’s 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 completion of the transaction, 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 filing with the SEC, which is available at the SEC website. 8.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on APO shares. Citigroup dropped their price objective on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Evercore ISI increased their price target on shares of Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. TD Cowen reissued a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, November 25th. BMO Capital Markets set a $136.00 price target on Apollo Global Management and gave the stock a “market perform” rating in a research note on Tuesday, November 25th. Finally, Barclays cut their price objective on Apollo Global Management from $172.00 to $168.00 and set an “overweight” rating on the stock in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $165.62.

Apollo Global Management Company 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.