Candriam S.C.A. Buys 82,894 Shares of Apollo Global Management Inc. $APO

Candriam S.C.A. lifted its position in Apollo Global Management Inc. (NYSE:APO) by 196.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,089 shares of the financial services provider’s stock after buying an additional 82,894 shares during the quarter. Candriam S.C.A.’s holdings in Apollo Global Management were worth $14,518,000 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. Ethic Inc. lifted its position in shares of Apollo Global Management by 19.5% in the third quarter. Ethic Inc. now owns 52,942 shares of the financial services provider’s stock valued at $5,908,000 after buying an additional 8,650 shares during the last quarter. 180 Wealth Advisors LLC raised its stake in Apollo Global Management by 3.1% in the 3rd quarter. 180 Wealth Advisors LLC now owns 5,742 shares of the financial services provider’s stock valued at $666,000 after acquiring an additional 171 shares during the period. Asset Dedication LLC raised its stake in Apollo Global Management by 291.9% in the 3rd quarter. Asset Dedication LLC now owns 482 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 359 shares during the period. Alps Advisors Inc. raised its stake in Apollo Global Management by 1,277.6% in the 3rd quarter. Alps Advisors Inc. now owns 317,733 shares of the financial services provider’s stock valued at $36,876,000 after acquiring an additional 294,669 shares during the period. Finally, CenterBook Partners LP lifted its holdings in Apollo Global Management by 101.1% during the 3rd quarter. CenterBook Partners LP now owns 7,449 shares of the financial services provider’s stock valued at $865,000 after purchasing an additional 3,745 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Apollo Global Management from $135.00 to $130.00 and set a “market perform” rating for the company in a research report on Wednesday, November 4th. Evercore increased their price objective on shares of Apollo Global Management from $145.00 to $146.00 in a research report on Thursday, October 8th. HSBC initiated coverage on shares of Apollo Global Management in a report on Monday, July 20th. They set a “buy” rating and a $145.00 target price for the company. The Goldman Sachs Group decreased their price target on shares of Apollo Global Management from $154.00 to $148.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Finally, Argus lowered their price target on shares of Apollo Global Management from $160.00 to $140.00 and set a “buy” rating on the stock in a report on Friday. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.21.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the transaction, the chief financial officer owned 396,533 shares in the company, valued at $55,847,707.72. This trade represents a 0.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 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 SEC filing for this sale provides additional information. 8.30% of the stock is owned by corporate insiders.

Apollo Global Management Price Performance

Shares of APO stock opened at $122.24 on Tuesday. The business has a fifty day simple moving average of $120.53 and a 200 day simple moving average of $122.86. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $153.29. The company has a quick ratio of 1.70, a current ratio of 1.41 and a debt-to-equity ratio of 0.42. The company has a market cap of $72.19 billion, a P/E ratio of -66.80, a P/E/G ratio of 1.13 and a beta of 1.51.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Wednesday, November 18th will be given a dividend of $0.5625 per share. The ex-dividend date is Wednesday, November 18th. This represents a $2.25 dividend on an annualized basis and a yield of 1.8%. Apollo Global Management’s payout ratio 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.