New York State Common Retirement Fund Increases Position in Apollo Global Management Inc. $APO

New York State Common Retirement Fund raised its holdings in Apollo Global Management Inc. (NYSE:APO) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 486,936 shares of the financial services provider’s stock after acquiring an additional 4,600 shares during the period. New York State Common Retirement Fund’s holdings in Apollo Global Management were worth $64,894,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. HB Wealth Management LLC lifted its position in Apollo Global Management by 26.9% during the second quarter. HB Wealth Management LLC now owns 11,809 shares of the financial services provider’s stock worth $1,675,000 after buying an additional 2,500 shares in the last quarter. Greenleaf Trust grew its holdings in Apollo Global Management by 19.4% in the 2nd quarter. Greenleaf Trust now owns 2,886 shares of the financial services provider’s stock valued at $409,000 after buying an additional 468 shares in the last quarter. Childress Capital Advisors LLC increased its stake in shares of Apollo Global Management by 16.7% in the 2nd quarter. Childress Capital Advisors LLC now owns 1,735 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 248 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its holdings in shares of Apollo Global Management by 70.0% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 724 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 298 shares during the period. Finally, ASR Vermogensbeheer N.V. raised its holdings in shares of Apollo Global Management by 583.5% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 236,848 shares of the financial services provider’s stock worth $33,601,000 after acquiring an additional 202,195 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the sale, the chief financial officer directly owned 325,604 shares in the company, valued at approximately $42,787,621.64. This represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of 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 cut their target price on Apollo Global Management from $186.00 to $182.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Wolfe Research restated an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research note on Monday, December 29th. Finally, TD Cowen reissued a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $165.62.

Apollo Global Management Trading Up 1.1%

NYSE:APO opened at $134.39 on Friday. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $174.91. The firm has a market cap of $78.00 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.19 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. The stock has a fifty day moving average price of $141.51 and a 200 day moving average price of $137.50.

Apollo Global Management Dividend Announcement

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

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.