Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC grew its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 16.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,184 shares of the financial services provider’s stock after buying an additional 458 shares during the period. Aaron Wealth Advisors LLC’s holdings in Apollo Global Management were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Ameritas Advisory Services LLC acquired a new position in Apollo Global Management during the fourth quarter worth $648,000. HB Wealth Management LLC grew its stake in shares of Apollo Global Management by 59.0% during the 4th quarter. HB Wealth Management LLC now owns 7,298 shares of the financial services provider’s stock worth $1,205,000 after purchasing an additional 2,709 shares during the period. Arkadios Wealth Advisors grew its stake in shares of Apollo Global Management by 1.3% during the 4th quarter. Arkadios Wealth Advisors now owns 10,797 shares of the financial services provider’s stock worth $1,783,000 after purchasing an additional 141 shares during the period. InTrack Investment Management Inc increased its holdings in shares of Apollo Global Management by 69.9% in the 4th quarter. InTrack Investment Management Inc now owns 6,833 shares of the financial services provider’s stock valued at $1,089,000 after purchasing an additional 2,812 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at about $39,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on APO shares. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Evercore ISI raised their price objective 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. Keefe, Bruyette & Woods lifted their price objective on Apollo Global Management from $168.00 to $196.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. JPMorgan Chase & Co. upped their target price on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, The Goldman Sachs Group lifted their price target on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.32.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the business’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 completion of the sale, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. The trade was a 1.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Leon D. Black sold 58,200 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock worth $34,186,128 in the last 90 days. 8.50% of the stock is owned by company insiders.

Apollo Global Management Trading Up 0.5 %

Shares of Apollo Global Management stock opened at $166.81 on Monday. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The business’s fifty day moving average is $169.18 and its two-hundred day moving average is $139.96. 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 $94.38 billion, a PE ratio of 17.43, a P/E/G ratio of 1.20 and a beta of 1.63.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.11%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) 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.