Signaturefd LLC Grows Stake in Apollo Global Management, Inc. (NYSE:APO)

Posted by on Apr 15th, 2023

Signaturefd LLC lifted its position in Apollo Global Management, Inc. (NYSE:APO – Get Rating) by 42.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,625 shares of the financial services provider’s stock after buying an additional 1,673 shares during the period. Signaturefd LLC’s holdings in Apollo Global Management were worth $359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Huntington National Bank raised its holdings in Apollo Global Management by 4.0% in the 3rd quarter. Huntington National Bank now owns 4,159 shares of the financial services provider’s stock worth $193,000 after purchasing an additional 159 shares during the period. Ten Capital Wealth Advisors LLC raised its holdings in Apollo Global Management by 14.1% in the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 1,335 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 165 shares during the period. Cannell & Co. raised its holdings in Apollo Global Management by 0.6% in the 3rd quarter. Cannell & Co. now owns 35,678 shares of the financial services provider’s stock worth $1,659,000 after purchasing an additional 229 shares during the period. Rothschild Investment Corp IL raised its holdings in Apollo Global Management by 1.4% in the 4th quarter. Rothschild Investment Corp IL now owns 17,697 shares of the financial services provider’s stock worth $1,129,000 after purchasing an additional 250 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Apollo Global Management by 1.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,420 shares of the financial services provider’s stock worth $1,182,000 after purchasing an additional 256 shares during the period. 68.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APO has been the topic of a number of recent research reports. Morgan Stanley decreased their target price on Apollo Global Management from $69.00 to $68.00 and set an “equal weight” rating on the stock in a report on Monday, February 13th. TheStreet raised Apollo Global Management from a “d+” rating to a “c” rating in a report on Thursday, February 9th. Wells Fargo & Company raised their price target on Apollo Global Management from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, February 10th. Keefe, Bruyette & Woods raised Apollo Global Management from a “market perform” rating to an “outperform” rating and raised their price target for the company from $84.00 to $88.00 in a report on Friday, February 10th. Finally, Oppenheimer raised their price target on Apollo Global Management from $73.00 to $79.00 in a report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus target price of $73.06.

Insider Transactions at Apollo Global Management

In other news, insider John J. Suydam sold 33,333 shares of Apollo Global Management stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $70.00, for a total value of $2,333,310.00. Following the sale, the insider now directly owns 328,962 shares of the company’s stock, valued at $23,027,340. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider John J. Suydam sold 33,333 shares of Apollo Global Management stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $70.00, for a total value of $2,333,310.00. Following the sale, the insider now directly owns 328,962 shares of the company’s stock, valued at $23,027,340. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John J. Suydam sold 33,334 shares of Apollo Global Management stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $72.00, for a total value of $2,400,048.00. Following the completion of the transaction, the insider now owns 277,076 shares of the company’s stock, valued at approximately $19,949,472. The disclosure for this sale can be found here. Over the last three months, insiders have sold 111,667 shares of company stock valued at $7,898,208. 15.40% of the stock is currently owned by insiders.

Apollo Global Management Trading Up 0.3 %

Shares of APO stock opened at $65.01 on Friday. Apollo Global Management, Inc. has a 12-month low of $45.62 and a 12-month high of $74.63. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.97. The stock’s 50-day moving average price is $65.66 and its 200-day moving average price is $62.82. The stock has a market capitalization of $37.10 billion, a price-to-earnings ratio of -11.65, a price-to-earnings-growth ratio of 0.70 and a beta of 1.68.

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Tuesday, February 21st were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.46%. Apollo Global Management’s dividend payout ratio (DPR) is -28.67%.

Apollo Global Management Company Profile

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Apollo Global Management, Inc provides asset management services. It offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. The company was founded by Marc Rowan in 1990 and is headquartered in New York, NY.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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