Marino Stram & Associates LLC Invests $209,000 in Apollo Global Management, Inc. (NYSE:APO)

Marino Stram & Associates LLC purchased a new position in Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,266 shares of the financial services provider’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also made changes to their positions in APO. Nisa Investment Advisors LLC raised its stake in Apollo Global Management by 31.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 44,333 shares of the financial services provider’s stock worth $7,322,000 after buying an additional 10,630 shares during the period. Genesis Private Wealth LLC acquired a new stake in Apollo Global Management during the 4th quarter worth $204,000. Simon Quick Advisors LLC acquired a new stake in Apollo Global Management during the 4th quarter worth $249,000. Atomi Financial Group Inc. acquired a new stake in shares of Apollo Global Management in the 4th quarter valued at about $303,000. Finally, Segment Wealth Management LLC raised its stake in shares of Apollo Global Management by 4.8% in the 4th quarter. Segment Wealth Management LLC now owns 62,693 shares of the financial services provider’s stock valued at $10,354,000 after purchasing an additional 2,890 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on APO. Piper Sandler lifted their price target on Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Barclays lifted their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods lifted their price target on Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft lifted their price target on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets lifted their target price on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.32.

Insider Activity

In other news, insider Leon D. Black sold 58,200 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the sale, the insider now directly owns 35,104,773 shares in the company, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 196,600 shares of company stock worth $34,186,128 over the last 90 days. 8.50% of the stock is currently owned by insiders.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $168.96 on Thursday. The stock has a market capitalization of $95.60 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.34 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The company’s 50-day moving average is $169.39 and its 200 day moving average is $140.85.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a dividend of $0.463 per share. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.10%. Apollo Global Management’s dividend payout ratio is presently 19.33%.

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.