MASTERINVEST Kapitalanlage GmbH Takes Position in Apollo Global Management Inc. $APO

MASTERINVEST Kapitalanlage GmbH purchased a new position in Apollo Global Management Inc. (NYSE:APO) during the second quarter, HoldingsChannel reports. The firm purchased 10,352 shares of the financial services provider’s stock, valued at approximately $1,469,000.

Other institutional investors also recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC purchased a new stake in Apollo Global Management in the 2nd quarter valued at about $25,000. Activest Wealth Management raised its stake in shares of Apollo Global Management by 875.0% during the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 175 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of Apollo Global Management by 6,900.0% in the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 207 shares during the period. Nemes Rush Group LLC purchased a new stake in shares of Apollo Global Management in the second quarter valued at approximately $30,000. Finally, Andra AP fonden bought a new position in Apollo Global Management in the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

APO has been the subject of a number of research analyst reports. Evercore ISI lifted their target price on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Citigroup decreased their price objective on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. Morgan Stanley raised shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $151.00 to $180.00 in a research note on Thursday, November 20th. Keefe, Bruyette & Woods increased their target price on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Finally, BMO Capital Markets set a $136.00 price target on shares of Apollo Global Management and gave the company a “market perform” rating in a report on Tuesday, November 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $166.23.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction that occurred on 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 owned 325,604 shares of the company’s stock, valued at $42,787,621.64. The trade was a 1.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Down 1.5%

Shares of NYSE APO opened at $148.06 on Monday. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $179.42. The business has a fifty day moving average price of $129.64 and a 200 day moving average price of $135.98. The stock has a market capitalization of $85.94 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.49.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, November 17th. Apollo Global Management’s dividend payout ratio is presently 29.82%.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.