Apollo Global Management Inc. $APO Shares Purchased by Allworth Financial LP

Key Points

• Allworth Financial LP increased its Apollo Global Management stake by 8,462.5% in the third quarter, adding 188,036 shares to hold 190,258 shares valued at about $20.5 million.
• Apollo shares opened at $123.38, and the company declared a quarterly dividend of $0.5625 per share—$2.25 annualized, yielding about 1.8%.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $145.21; 12 analysts rate the stock Buy, six Hold, and one Sell.

Allworth Financial LP grew its position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 8,462.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 190,258 shares of the financial services provider's stock after buying an additional 188,036 shares during the period. Allworth Financial LP's holdings in Apollo Global Management were worth $20,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Greenleaf Trust boosted its holdings in Apollo Global Management by 2.6% in the 3rd quarter. Greenleaf Trust now owns 4,144 shares of the financial services provider's stock valued at $481,000 after purchasing an additional 105 shares during the period. Chickasaw Capital Management LLC lifted its position in shares of Apollo Global Management by 4.7% during the 3rd quarter. Chickasaw Capital Management LLC now owns 2,663 shares of the financial services provider's stock valued at $309,000 after acquiring an additional 120 shares during the period. Bfsg LLC grew its holdings in shares of Apollo Global Management by 58.4% during the 3rd quarter. Bfsg LLC now owns 331 shares of the financial services provider's stock worth $38,000 after purchasing an additional 122 shares in the last quarter. 180 Wealth Advisors LLC grew its holdings in shares of Apollo Global Management by 2.4% during the 2nd quarter. 180 Wealth Advisors LLC now owns 5,571 shares of the financial services provider's stock worth $659,000 after purchasing an additional 131 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in shares of Apollo Global Management by 2.8% in the second quarter. Integrated Wealth Concepts LLC now owns 5,101 shares of the financial services provider's stock worth $604,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider Whitney Chatterjee sold 7,339 shares of the business's stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total transaction of $864,754.37. Following the completion of the sale, the insider owned 129,151 shares in the company, valued at approximately $15,217,862.33. The trade was a 5.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 8.30% of the company's stock.

Apollo Global Management Stock Up 1.7%

Shares of NYSE:APO opened at $123.38 on Friday. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $153.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.41 and a quick ratio of 1.41. The business's 50-day moving average is $119.63 and its 200-day moving average is $122.62. The company has a market capitalization of $72.84 billion, a price-to-earnings ratio of -67.42, a P/E/G ratio of 1.15 and a beta of 1.51.

Apollo Global Management Announces Dividend

The firm also recently declared 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 of this dividend is Wednesday, November 18th. This represents a $2.25 annualized dividend and a yield of 1.8%. Apollo Global Management's dividend payout ratio (DPR) is presently -122.95%.

Analyst Ratings Changes

APO has been the topic of several recent analyst reports. Jefferies Financial Group decreased their target price on shares of Apollo Global Management from $138.00 to $127.00 and set a "hold" rating on the stock in a report on Tuesday, October 6th. UBS Group reaffirmed a "buy" rating and set a $160.00 price target on shares of Apollo Global Management in a report on Friday. Barclays reduced their price target on shares of Apollo Global Management from $157.00 to $156.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 4th. The Goldman Sachs Group decreased their price objective on shares of Apollo Global Management from $154.00 to $148.00 and set a "buy" rating on the stock in a research note on Friday, October 2nd. Finally, Royal Bank Of Canada decreased their price objective on shares of Apollo Global Management from $146.00 to $138.00 and set a "sector perform" rating on the stock in a research note on Wednesday, November 4th. Twelve equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $145.21.

About Apollo Global Management

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.

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