Fulcrum Asset Management LLP Acquires 27,731 Shares of Apollo Global Management Inc. $APO

Fulcrum Asset Management LLP raised its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 447.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,932 shares of the financial services provider's stock after acquiring an additional 27,731 shares during the quarter. Fulcrum Asset Management LLP's holdings in Apollo Global Management were worth $3,938,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Greenleaf Trust raised its position in shares of Apollo Global Management by 2.6% during the 3rd quarter. Greenleaf Trust now owns 4,144 shares of the financial services provider's stock valued at $481,000 after acquiring an additional 105 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Apollo Global Management by 3.9% in the 1st quarter. International Assets Investment Management LLC now owns 3,167 shares of the financial services provider's stock valued at $349,000 after purchasing an additional 119 shares during the period. Chickasaw Capital Management LLC boosted its position in shares of Apollo Global Management by 4.7% in the 3rd quarter. Chickasaw Capital Management LLC now owns 2,663 shares of the financial services provider's stock worth $309,000 after purchasing an additional 120 shares during the last quarter. Bfsg LLC boosted its position in shares of Apollo Global Management by 58.4% in 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 during the last quarter. Finally, 180 Wealth Advisors LLC boosted its position in shares of Apollo Global Management by 2.4% in 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 during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on APO shares. Morgan Stanley dropped their price objective on Apollo Global Management from $150.00 to $149.00 and set an "overweight" rating for the company in a report on Wednesday, November 4th. Wells Fargo & Company started coverage on Apollo Global Management in a report on Friday, October 2nd. They set an "equal weight" rating and a $127.00 target price on the stock. HSBC started coverage on Apollo Global Management in a research report on Monday, July 20th. They set a "buy" rating and a $145.00 target price for the company. UBS Group lowered their price target on Apollo Global Management from $163.00 to $160.00 and set a "buy" rating for the company in a research note on Thursday, November 5th. Finally, TD Cowen cut their price target on shares of Apollo Global Management from $154.00 to $136.00 and set a "buy" rating on the stock in a research report on Wednesday, November 4th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $145.21.

Insider Activity

In other Apollo Global Management news, insider Whitney Chatterjee sold 7,339 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $117.83, for a total value of $864,754.37. Following the completion of the sale, the insider directly owned 129,151 shares in the company, valued at $15,217,862.33. This represents a 5.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin Kelly sold 3,000 shares of the firm's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares in the company, valued at approximately $55,847,707.72. This represents a 0.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.30% of the stock is owned by corporate insiders.

Apollo Global Management Price Performance

APO opened at $122.24 on Tuesday. The company has a quick ratio of 1.70, a current ratio of 1.41 and a debt-to-equity ratio of 0.42. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29. The company has a fifty day simple moving average of $120.53 and a 200 day simple moving average of $122.86. The stock has a market cap of $72.19 billion, a P/E ratio of -66.80, a P/E/G ratio of 1.13 and a beta of 1.51.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Wednesday, November 18th will be paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 18th. Apollo Global Management's payout ratio is presently -122.95%.

Apollo Global Management 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.

Want to see what other hedge funds are holding APO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Global Management Inc. (NYSE:APO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.