Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 355.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,806 shares of the financial services provider’s stock after buying an additional 90,357 shares during the quarter. Wealthfront Advisers LLC’s holdings in Apollo Global Management were worth $19,127,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC bought a new position in Apollo Global Management during the third quarter valued at about $438,000. Atria Investments Inc boosted its position in Apollo Global Management by 112.3% in the third quarter. Atria Investments Inc now owns 19,498 shares of the financial services provider’s stock valued at $2,435,000 after buying an additional 10,315 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in Apollo Global Management by 5.4% in the third quarter. Nations Financial Group Inc. IA ADV now owns 3,238 shares of the financial services provider’s stock worth $404,000 after purchasing an additional 165 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of Apollo Global Management by 2.7% during the third quarter. Apollon Wealth Management LLC now owns 17,049 shares of the financial services provider’s stock valued at $2,130,000 after purchasing an additional 442 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Apollo Global Management during the third quarter worth $2,014,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the transaction, the chief financial officer now owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group boosted their target price on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. BMO Capital Markets upped their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Piper Sandler increased their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. UBS Group raised shares of Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. Finally, Keefe, Bruyette & Woods lowered their price objective on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $165.74.

Apollo Global Management Stock Up 3.6 %

APO opened at $130.55 on Wednesday. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The business’s fifty day simple moving average is $158.38 and its 200 day simple moving average is $150.89. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market cap of $74.48 billion, a P/E ratio of 17.86, a PEG ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is 25.31%.

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.