3,415,622 Apollo Global Management Inc. $APO Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its position in Apollo Global Management Inc. (NYSE:APO) by 83.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 662,812 shares of the financial services provider’s stock after selling 3,415,622 shares during the quarter. Russell Investments Group Ltd. owned about 0.11% of Apollo Global Management worth $76,926,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Apollo Global Management by 4.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock worth $669,372,000 after purchasing an additional 234,517 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of Apollo Global Management during the 2nd quarter valued at $459,987,000. Bank of New York Mellon Corp purchased a new position in shares of Apollo Global Management during the 2nd quarter valued at $336,644,000. Temasek Holdings Private Ltd increased its holdings in shares of Apollo Global Management by 214.4% in the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after purchasing an additional 1,614,813 shares during the period. Finally, Curated Wealth Partners LLC increased its holdings in shares of Apollo Global Management by 91.8% in the third quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock worth $255,887,000 after purchasing an additional 1,055,818 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Transactions at Apollo Global Management

In related news, insider Whitney Chatterjee sold 7,339 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $117.83, for a total value of $864,754.37. Following the transaction, the insider owned 129,151 shares of the company’s stock, valued at $15,217,862.33. This represents a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.30% of the company’s stock.

Apollo Global Management Price Performance

APO stock traded up $2.03 during midday trading on Friday, reaching $123.38. The company had a trading volume of 3,063,833 shares, compared to its average volume of 3,852,949. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.41 and a quick ratio of 1.41. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $153.29. The company has a market capitalization of $72.84 billion, a P/E ratio of -67.42, a P/E/G ratio of 1.15 and a beta of 1.51. The firm has a 50-day moving average price of $119.63 and a 200-day moving average price of $122.62.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Wednesday, November 18th will be given a $0.5625 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $2.25 annualized dividend and a yield of 1.8%. Apollo Global Management’s payout ratio is -122.95%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APO. Keefe, Bruyette & Woods lowered their price objective on Apollo Global Management from $135.00 to $130.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 4th. Wall Street Zen lowered Apollo Global Management from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 7th. Jefferies Financial Group reduced their target price on Apollo Global Management from $138.00 to $127.00 and set a “hold” rating for the company in a research report on Tuesday, October 6th. TD Cowen decreased their target price on Apollo Global Management from $154.00 to $136.00 and set a “buy” rating on the stock in a research note on Wednesday, November 4th. Finally, Bank of America decreased their target price on Apollo Global Management from $163.00 to $161.00 in a research note on Monday, October 5th. Twelve research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.21.

Apollo Global Management Company Profile

Apollo Global Management is a global alternative asset manager that provides investment management and retirement services. Its investment strategies span private equity, credit and real assets, including infrastructure, and it serves institutional and individual investors. The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan. It has since expanded its investment businesses and retirement-services operations, including through Athene, its retirement services platform. Apollo operates across global markets and is led by co-founder Marc Rowan, who serves as chief executive officer.