SOL Capital Management CO Increases Stake in Apollo Global Management Inc. $APO

SOL Capital Management CO raised its position in shares of Apollo Global Management Inc. (NYSE:APO) by 10.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 107,536 shares of the financial services provider’s stock after purchasing an additional 10,393 shares during the quarter. Apollo Global Management accounts for about 1.3% of SOL Capital Management CO’s investment portfolio, making the stock its 20th biggest holding. SOL Capital Management CO’s holdings in Apollo Global Management were worth $14,331,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Delos Wealth Advisors LLC bought a new position in Apollo Global Management in the 2nd quarter valued at approximately $25,000. Activest Wealth Management grew its holdings in shares of Apollo Global Management by 875.0% in the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 175 shares during the period. Sound Income Strategies LLC bought a new position in Apollo Global Management in the third quarter valued at about $28,000. SJS Investment Consulting Inc. boosted its position in Apollo Global Management by 1,123.5% in the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 191 shares during the last quarter. Finally, Rosenberg Matthew Hamilton grew its stake in shares of Apollo Global Management by 6,900.0% during the 2nd 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. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the sale, the chief financial officer owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This represents 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. Company insiders own 8.20% of the company’s stock.

Analysts Set New Price Targets

APO has been the topic of several recent research reports. Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, November 25th. UBS Group cut their price objective on shares of Apollo Global Management from $186.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday. Morgan Stanley raised Apollo Global Management from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $151.00 to $180.00 in a report on Thursday, November 20th. The Goldman Sachs Group reissued a “buy” rating and set a $155.00 price target on shares of Apollo Global Management in a report on Tuesday, November 25th. Finally, Keefe, Bruyette & Woods raised their price objective on Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.62.

Apollo Global Management Stock Performance

APO opened at $144.01 on Friday. The stock has a market capitalization of $83.59 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 1.29 and a beta of 1.59. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two 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 fifty day moving average of $140.13 and a 200 day moving average of $138.01.

Apollo Global Management Dividend Announcement

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

Apollo Global Management Company 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.