Tritonpoint Wealth LLC Invests $338,000 in Apollo Global Management, Inc. (NYSE:APO)

Tritonpoint Wealth LLC acquired a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, HoldingsChannel reports. The fund acquired 2,046 shares of the financial services provider’s stock, valued at approximately $338,000.

Several other large investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC bought a new stake in Apollo Global Management in the fourth quarter worth approximately $39,000. UMB Bank n.a. raised its holdings in Apollo Global Management by 447.1% during the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after buying an additional 228 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management in the third quarter worth about $35,000. Versant Capital Management Inc boosted its stake in shares of Apollo Global Management by 203.6% during the 4th quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 336 shares in the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in shares of Apollo Global Management during the 4th quarter valued at about $97,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Down 0.4 %

Shares of Apollo Global Management stock opened at $171.00 on Monday. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The stock has a market capitalization of $96.75 billion, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 1.37 and a beta of 1.63. The company has a 50-day simple moving average of $170.11 and a 200 day simple moving average of $143.47. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Increases Dividend

The company also recently disclosed 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 positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.08%. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

Analyst Ratings Changes

APO has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their target price on Apollo Global Management from $168.00 to $196.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Piper Sandler boosted their target price on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. TD Cowen raised their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Evercore ISI boosted their price target on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets raised their price objective on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus price target of $164.32.

Insider Activity

In related news, insider Leon D. Black sold 133,400 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was 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. This trade represents a 0.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was 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 directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 196,600 shares of company stock worth $34,186,128. Insiders own 8.50% of the company’s stock.

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.