Apollo Global Management, Inc. (NYSE:APO) Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 33.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,749 shares of the financial services provider's stock after selling 8,590 shares during the period. XTX Topco Ltd's holdings in Apollo Global Management were worth $2,092,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APO. National Bank of Canada FI grew its holdings in shares of Apollo Global Management by 11.9% during the third quarter. National Bank of Canada FI now owns 9,089 shares of the financial services provider's stock worth $1,135,000 after buying an additional 970 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of Apollo Global Management by 61.7% in the 3rd quarter. EP Wealth Advisors LLC now owns 5,456 shares of the financial services provider's stock valued at $681,000 after purchasing an additional 2,081 shares during the last quarter. Insigneo Advisory Services LLC acquired a new position in shares of Apollo Global Management in the third quarter valued at approximately $316,000. Kovitz Investment Group Partners LLC purchased a new stake in shares of Apollo Global Management during the third quarter worth approximately $3,833,000. Finally, Stifel Financial Corp raised its stake in shares of Apollo Global Management by 7.8% during the third quarter. Stifel Financial Corp now owns 324,705 shares of the financial services provider's stock worth $40,559,000 after purchasing an additional 23,447 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Trading Up 1.2 %

NYSE APO traded up $2.12 during mid-day trading on Friday, reaching $177.85. 3,969,624 shares of the stock were exchanged, compared to its average volume of 3,496,924. The business's fifty day simple moving average is $153.46 and its 200 day simple moving average is $128.86. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $100.63 billion, a PE ratio of 18.58, a PEG ratio of 1.80 and a beta of 1.63. Apollo Global Management, Inc. has a 1-year low of $89.45 and a 1-year high of $178.75.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a $0.463 dividend. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.04%. The ex-dividend date was Monday, November 18th. Apollo Global Management's dividend payout ratio is presently 19.33%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on APO shares. Morgan Stanley boosted their price objective on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Piper Sandler initiated coverage on shares of Apollo Global Management in a research note on Tuesday, November 19th. They set an "overweight" rating and a $188.00 price target on the stock. Redburn Partners assumed coverage on Apollo Global Management in a report on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price objective on the stock. UBS Group raised Apollo Global Management to a "hold" rating in a report on Wednesday, November 13th. Finally, Citigroup upped their price objective on Apollo Global Management from $162.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $155.05.

Insider Buying and Selling

In other news, insider Leon D. Black sold 133,400 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the sale, the insider now directly owns 35,471,373 shares of the company's stock, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the transaction, the chief financial officer now owns 320,564 shares in the company, valued at $55,332,552.04. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is owned by company insiders.

Apollo Global Management Company 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.