Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by Quadrant Capital Group LLC

Posted by Defense World Staff on Jun 4th, 2023

Quadrant Capital Group LLC increased its position in shares of Apollo Global Management, Inc. (NYSE:APO – Get Rating) by 129.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,890 shares of the financial services provider’s stock after buying an additional 1,066 shares during the period. Quadrant Capital Group LLC’s holdings in Apollo Global Management were worth $121,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Apollo Global Management by 87.8% during the first quarter. Vanguard Group Inc. now owns 37,374,072 shares of the financial services provider’s stock worth $2,316,818,000 after purchasing an additional 17,476,830 shares during the period. BlackRock Inc. increased its position in shares of Apollo Global Management by 7.2% in the third quarter. BlackRock Inc. now owns 29,502,545 shares of the financial services provider’s stock valued at $1,371,867,000 after buying an additional 1,970,012 shares in the last quarter. State Street Corp increased its position in Apollo Global Management by 5.5% during the 3rd quarter. State Street Corp now owns 9,422,767 shares of the financial services provider’s stock worth $438,159,000 after purchasing an additional 487,408 shares in the last quarter. Clearbridge Investments LLC increased its position in Apollo Global Management by 1.0% during the 1st quarter. Clearbridge Investments LLC now owns 7,859,123 shares of the financial services provider’s stock worth $487,187,000 after purchasing an additional 78,795 shares in the last quarter. Finally, Brave Warrior Advisors LLC increased its position in Apollo Global Management by 5.7% during the 3rd quarter. Brave Warrior Advisors LLC now owns 7,849,515 shares of the financial services provider’s stock worth $365,002,000 after purchasing an additional 421,509 shares in the last quarter. 68.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Oppenheimer lifted their price target on Apollo Global Management from $73.00 to $79.00 and gave the company an “outperform” rating in a report on Thursday, April 13th. Wells Fargo & Company boosted their price target on Apollo Global Management from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, February 10th. Keefe, Bruyette & Woods raised Apollo Global Management from a “market perform” rating to an “outperform” rating and upped their target price for the company from $84.00 to $88.00 in a research report on Friday, February 10th. Barclays upped their target price on Apollo Global Management from $74.00 to $79.00 in a research report on Monday, May 15th. Finally, Bank of America cut their target price on Apollo Global Management from $78.00 to $72.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 5th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $74.25.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider Joshua Harris sold 300,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $66.44, for a total value of $19,932,000.00. Following the completion of the transaction, the insider now directly owns 33,745,006 shares of the company’s stock, valued at $2,242,018,198.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 2,070,663 shares of company stock worth $133,983,741 over the last 90 days. 15.40% of the stock is owned by insiders.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $69.70 on Friday. Apollo Global Management, Inc. has a 1-year low of $45.62 and a 1-year high of $74.63. The firm has a market capitalization of $39.55 billion, a PE ratio of -28.80, a PEG ratio of 0.72 and a beta of 1.67. The business’s 50 day moving average is $63.19 and its 200-day moving average is $65.27. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.94.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Monday, May 22nd were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, May 19th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.47%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.40. Apollo Global Management’s payout ratio is presently -71.07%.

Apollo Global Management 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.