Gould Capital Allocates $1.19 Million to Apollo Global Management, Inc. (NYSE:APO)

Gould Capital LLC has made a significant investment in Apollo Global Management, Inc. (NYSE:APO - Free Report) by acquiring a new stake during the third quarter of the year. According to their latest filing with the Securities and Exchange Commission, Gould Capital purchased 9,559 shares of the esteemed financial services provider's stock, totaling an investment of around $1,194,000.

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In addition to Gould Capital, other institutional hedge funds have also shown interest in Apollo Global Management recently. Geode Capital Management LLC, for instance, has increased its position in Apollo by 4.7% in the third quarter. They now hold 5,717,266 shares, worth approximately $713,230,000, after adding 254,268 shares in the past quarter. Valued Retirements Inc. similarly acquired a new position in Apollo during this quarter, valued at around $449,000. Furthermore, Nomura Asset Management Co., Ltd. doubled its stake by 100.7%, acquiring an additional 109,961 shares to now own 219,118 shares valued at $27,370,000. MML Investors Services LLC has also increased its holdings in Apollo by 23.3%, acquiring 2,767 more shares to own a total of 14,629 shares valued at $1,827,000. Lastly, Orion Portfolio Solutions LLC raised its stake in the company by 3.1%. Overall, institutional investors and hedge funds command a considerable portion of Apollo's stock, owning 77.06% of it.

Insider Trading Activities

In other news related to insider trading, Leon D. Black, an insider, sold 133,400 shares of Apollo on December 2nd, receiving $23,232,944 from the sale at an average price of $174.16 per share. After this transaction, he retained 35,471,373 shares valued at roughly $6,177,694,321.68, marking a 0.37% decrease in his overall position. The financial details of this transaction have been disclosed in filings with the SEC. Additionally, the company's CFO, Martin Kelly, sold 5,000 shares on December 3rd for approximately $863,050. Following this sale, Kelly now holds 320,564 shares valued at around $55,332,552.04, which is a 1.54% reduction in his stake. Collectively, insiders have sold 196,600 shares worth $34,186,128 over the past 90 days. Insiders own 8.50% of the total stock.

Recent Analyst Ratings

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Apollo Global Management has attracted the attention of various research analysts. Argus recently cut its price target for the company's shares from $135.00 to $125.00 but maintains a "buy" rating. The Goldman Sachs Group, in contrast, raised its price target from $161.00 to $178.00 while also rating Apollo as a "buy" in their note. Wolfe Research began coverage of Apollo, giving it an "outperform" rating with a target price of $139.00. Furthermore, JPMorgan Chase & Co. lifted their target for Apollo from $129.00 to $143.00, assigning an "overweight" rating. Keefe, Bruyette & Woods also increased their price target from $159.00 to $168.00, holding an "outperform" rating. While one analyst has issued a sell rating, four have given a hold rating and sixteen have rated it as a buy. Collectively, Apollo Global Management holds a consensus rating of "Moderate Buy" and a consensus price target of $159.16, according to MarketBeat.

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Apollo Global Management's Stock Performance

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As of Tuesday, NYSE:APO opened at $172.43. The stock has a 50-day simple moving average of $154.41 and a 200-day simple moving average of $129.39. In the past year, Apollo has seen a low of $89.76 and a high of $189.49. Their financials reveal a debt-to-equity ratio of 0.33, a quick ratio of 1.44, and a current ratio of 1.44, indicating solid liquidity. The company's market capitalization stands at $97.56 billion, with a price-to-earnings ratio of 18.02 and a price-to-earnings-growth ratio of 1.84, while the stock has a beta of 1.63, suggesting it has been more volatile than the market.

Apollo Global Management's Dividend Increase

The company has also announced a recent quarterly dividend increase, paid on November 29th to stockholders who were on record as of November 18th. The dividend amount was $0.463 per share, which translates to an annualized dividend of $1.85 and a yield of 1.07%. This payment marks an increase from the previous quarterly dividend of $0.46. Apollo's current dividend payout ratio is at 19.33%.

Overview of Apollo Global Management

Apollo Global Management, Inc. specializes in private equity investments, primarily focusing on credit, real estate, infrastructure, and secondary markets. The firm is interested in both private and public market opportunities, engaging in traditional buyouts, recapitalizations, distressed buyouts, and various debt investments in corporate partners, distressed assets, and industry consolidation projects.

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This report has been generated using advanced technology combined with financial data to provide prompt and precise reporting.

Evaluating Apollo Global Management as an Investment

Before investing in Apollo Global Management, there are some considerations to keep in mind. Current assessments indicate it has a "Moderate Buy" rating among analysts, but there are indications that other stocks might present more attractive investment opportunities. Interested investors might want to explore alternative recommendations from top-rated analysts that might offer better long-term prospects.

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