Apollo Global Management Inc. $APO Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 34.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,636 shares of the financial services provider’s stock after purchasing an additional 13,612 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Apollo Global Management were worth $7,015,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in Apollo Global Management by 3.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 53,836 shares of the financial services provider’s stock valued at $7,175,000 after buying an additional 1,676 shares during the last quarter. Clear Harbor Asset Management LLC increased its position in shares of Apollo Global Management by 2.8% during the third quarter. Clear Harbor Asset Management LLC now owns 7,423 shares of the financial services provider’s stock worth $989,000 after acquiring an additional 200 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its stake in shares of Apollo Global Management by 3.9% in the third quarter. Kingswood Wealth Advisors LLC now owns 3,654 shares of the financial services provider’s stock worth $487,000 after acquiring an additional 136 shares in the last quarter. HB Wealth Management LLC boosted its holdings in Apollo Global Management by 11.8% in the third quarter. HB Wealth Management LLC now owns 13,208 shares of the financial services provider’s stock valued at $1,760,000 after purchasing an additional 1,399 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings in Apollo Global Management by 7.7% in the third quarter. Spire Wealth Management now owns 3,206 shares of the financial services provider’s stock valued at $427,000 after purchasing an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on APO shares. The Goldman Sachs Group restated a “buy” rating and set a $155.00 price objective on shares of Apollo Global Management in a report on Tuesday, November 25th. Keefe, Bruyette & Woods raised their price target on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Evercore ISI lifted 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. Wolfe Research reaffirmed an “outperform” rating on shares of Apollo Global Management in a report on Wednesday. Finally, Cowen reissued a “buy” rating on shares of Apollo Global Management in a report on Tuesday, November 25th. One 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $165.92.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 6,000 shares of the firm’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 transaction, the chief financial officer directly owned 325,604 shares in the company, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 8.20% of the company’s stock.

Apollo Global Management Price Performance

Shares of APO opened at $145.81 on Friday. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $174.91. 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 firm has a market cap of $84.63 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.27 and a beta of 1.59. The stock has a 50 day moving average of $138.74 and a 200-day moving average of $137.89.

Apollo Global Management Announces Dividend

The firm also recently announced 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 was Monday, November 17th. This represents a $2.04 annualized dividend and a yield of 1.4%. Apollo Global Management’s payout ratio is presently 29.82%.

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.