AUS
NZ
UK
CA
USA
IND
Headlines
- Hennion & Walsh Purchases New Shares in Apollo Global Management
- Institutional Investors Adjust Positions in Apollo Global Management
- Insider Transactions at Apollo Global Management Raise Eyebrows
Hennion & Walsh Asset Management has recently initiated a new investment in Apollo Global Management, Inc. (NYSE:APO). According to the firm’s most recent filing with the Securities and Exchange Commission (SEC), the asset management company acquired a stake in Apollo Global during the fourth quarter of the year. This new position consists of shares that have an estimated value of around $704,000, showcasing the firm's confidence in the financial services provider's future.
This move is part of a broader trend where various institutional investors have been increasing their stakes or initiating new investments in Apollo Global Management. Notably, Dimensional Fund Advisors LP made a significant adjustment to its holdings during the second quarter of the year. The firm raised its stake by 9.1%, now owning over one million shares in Apollo. This increase is valued at nearly $130 million, demonstrating a strong commitment to the company.
Meanwhile, Mercer Global Advisors Inc. ADV also bolstered its position in Apollo Global Management by increasing its stake by 6.8%. Following this purchase, Mercer now holds approximately 16,800 shares in the financial services provider, further solidifying its investment in the company. Benjamin F. Edwards & Company Inc. was another firm that grew its stake, albeit at a more modest rate of 1.5%. This suggests that institutional investors remain bullish on the long-term prospects of Apollo Global.
In addition to these adjustments, AE Wealth Management LLC and Frank Rimerman Advisors LLC both made new investments in Apollo Global Management during the second quarter. These moves highlight a growing interest in the company from a diverse range of institutional players. As a result, institutional investors and hedge funds collectively own a substantial majority—over 77%—of Apollo's outstanding shares.
However, it’s not just institutional investors who are making notable moves. Insider transactions also stand out. Recently, Martin Kelly, Apollo’s Chief Financial Officer, sold 5,000 shares of the company’s stock. This transaction took place on December 3rd, and the shares were sold at an average price of $172.61. Despite the sale, Kelly retained a significant portion of his holdings in the company, amounting to more than 320,000 shares, valued at approximately $55.3 million. This represents a small decrease of about 1.5% in his overall position.
Similarly, insider Leon D. Black, one of Apollo's most prominent figures, also divested a significant portion of his holdings. On December 4th, Black sold over 58,000 shares, valued at over $10 million. Despite the sale, Black continues to hold a dominant position in the company, owning more than 35 million shares, with a total value exceeding $6 billion. This represents a slight decrease in his ownership, but his continued stake signals a long-term commitment to the company.
These insider sales are part of a larger trend where corporate insiders have been liquidating shares over the past few months. In fact, a total of 196,600 shares were sold by company insiders in the last three months, with a combined value of around $34.2 million. Insiders still hold a substantial portion of the company’s stock, amounting to 8.5% of the total shares outstanding.
Apollo Global Management’s evolving investor landscape highlights a key feature of the financial services industry—its ability to attract both institutional capital and insider support. The significant moves by large investors, as well as insider transactions, demonstrate ongoing confidence in the company’s direction, even amidst fluctuating market conditions.
These shifts in ownership also underscore the dynamic nature of the financial sector, where large institutions continuously evaluate their positions based on market trends, company performance, and strategic adjustments. As Apollo Global Management continues to make strides in the sector, the market will likely continue to watch these developments closely.
