Strs Ohio Sells 114,392 Shares of Apollo Global Management Inc. $APO

Strs Ohio decreased its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 47.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,684 shares of the financial services provider’s stock after selling 114,392 shares during the period. Strs Ohio’s holdings in Apollo Global Management were worth $16,750,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in Apollo Global Management by 1.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,050,164 shares of the financial services provider’s stock valued at $432,727,000 after acquiring an additional 36,866 shares in the last quarter. Amundi boosted its position in shares of Apollo Global Management by 68.9% during the second quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock valued at $187,199,000 after purchasing an additional 534,904 shares in the last quarter. Heard Capital LLC grew its stake in Apollo Global Management by 14.1% in the second quarter. Heard Capital LLC now owns 1,274,970 shares of the financial services provider’s stock worth $180,880,000 after purchasing an additional 157,750 shares during the period. Swiss National Bank raised its holdings in Apollo Global Management by 8.2% in the second quarter. Swiss National Bank now owns 1,208,914 shares of the financial services provider’s stock worth $171,509,000 after purchasing an additional 91,800 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Apollo Global Management by 9.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,051,306 shares of the financial services provider’s stock valued at $140,108,000 after buying an additional 88,792 shares during the period. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Trading Down 2.5%

Shares of NYSE APO opened at $136.30 on Friday. The firm’s 50 day moving average price is $140.96 and its 200-day moving average price is $137.84. Apollo Global Management Inc. has a 52-week low of $102.58 and a 52-week high of $174.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market cap of $79.11 billion, a PE ratio of 19.93, a P/E/G ratio of 1.22 and a beta of 1.59.

Apollo Global Management Dividend Announcement

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. This represents a $2.04 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, November 17th. Apollo Global Management’s dividend payout ratio (DPR) is currently 29.82%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on APO. BMO Capital Markets set a $136.00 price target on shares of Apollo Global Management and gave the stock a “market perform” rating in a research note on Tuesday, November 25th. Evercore ISI raised 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. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a report on Tuesday, November 25th. Wolfe Research reissued an “outperform” rating on shares of Apollo Global Management in a research report on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 29th. One equities 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 stock. According to data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and an average price target of $165.62.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 6,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was 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 owned 325,604 shares in the company, valued at $42,787,621.64. The trade was a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.20% 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.