Assetmark Inc. Buys 897 Shares of Apollo Global Management, Inc. (NYSE:APO)

Assetmark Inc. raised its stake in Apollo Global Management, Inc. (NYSE:APO) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 105,627 shares of the financial services provider’s stock after acquiring an additional 897 shares during the period. Assetmark Inc.’s holdings in Apollo Global Management were worth $17,445,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management in the fourth quarter valued at approximately $34,000. Byrne Asset Management LLC bought a new stake in Apollo Global Management in the fourth quarter valued at approximately $37,000. Retirement Wealth Solutions LLC purchased a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $39,000. UMB Bank n.a. increased its stake in shares of 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 during the period. Finally, WR Wealth Planners LLC increased its stake in shares of Apollo Global Management by 25.3% during the fourth quarter. WR Wealth Planners LLC now owns 455 shares of the financial services provider’s stock valued at $75,000 after buying an additional 92 shares during the period. Institutional investors own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on APO shares. The Goldman Sachs Group boosted their target price on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Barclays boosted their target price 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. Piper Sandler boosted their target price 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. Morgan Stanley boosted their target price on Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Finally, TD Cowen boosted their target price on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.74.

Apollo Global Management Trading Down 4.2 %

NYSE APO opened at $134.70 on Friday. 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 cap of $76.84 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.17 and a beta of 1.63. The stock’s fifty day moving average price is $161.43 and its 200-day moving average price is $150.03. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a $0.4625 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.37%. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 8.50% of the company’s stock.

Apollo Global Management 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.