Carson Advisory Inc. Acquires 6,776 Shares of Apollo Global Management Inc. $APO

Carson Advisory Inc. lifted its holdings in Apollo Global Management Inc. (NYSE:APO) by 151.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,249 shares of the financial services provider’s stock after purchasing an additional 6,776 shares during the quarter. Carson Advisory Inc.’s holdings in Apollo Global Management were worth $1,306,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APO. Continuum Advisory LLC acquired a new position in Apollo Global Management during the 2nd quarter valued at about $30,000. Keating Financial Advisory Services Inc. acquired a new stake in Apollo Global Management in the second quarter worth about $31,000. Avion Wealth boosted its holdings in Apollo Global Management by 159.2% in the third quarter. Avion Wealth now owns 267 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 164 shares in the last quarter. Fairscale Capital LLC acquired a new stake in Apollo Global Management in the third quarter worth about $32,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Apollo Global Management during the second quarter worth about $38,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Jefferies Financial Group decreased their price objective on shares of Apollo Global Management from $138.00 to $127.00 and set a “hold” rating for the company in a research report on Tuesday, October 6th. Royal Bank Of Canada dropped their target price on shares of Apollo Global Management from $146.00 to $138.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 4th. Rothschild & Co Redburn upped their price target on shares of Apollo Global Management from $171.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Morgan Stanley cut their price target on shares of Apollo Global Management from $150.00 to $149.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 4th. Finally, Weiss Ratings cut shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Twelve equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and an average price target of $145.21.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider Whitney Chatterjee sold 7,339 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 129,151 shares of the company’s stock, valued at approximately $15,217,862.33. This trade represents a 5.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 8.30% of the company’s stock.

Apollo Global Management Stock Up 1.7%

Shares of APO stock opened at $123.38 on Friday. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $153.29. The firm has a market capitalization of $72.84 billion, a PE ratio of -67.42, a P/E/G ratio of 1.15 and a beta of 1.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.41 and a current ratio of 1.41. The stock’s 50-day simple moving average is $119.63 and its 200-day simple moving average is $122.62.

Apollo Global Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.5625 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.25 dividend on an annualized basis and a yield of 1.8%. Apollo Global Management’s dividend payout ratio (DPR) is currently -122.95%.

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.