Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by Capital Advisors Inc. OK

Capital Advisors Inc. OK boosted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 5.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,206 shares of the financial services provider’s stock after acquiring an additional 206 shares during the period. Capital Advisors Inc. OK’s holdings in Apollo Global Management were worth $695,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Apollo Global Management in the third quarter worth about $543,000. Exchange Traded Concepts LLC increased its holdings in Apollo Global Management by 140.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 10,725 shares of the financial services provider’s stock worth $1,340,000 after purchasing an additional 6,259 shares during the last quarter. Creative Planning increased its holdings in Apollo Global Management by 5.9% during the 3rd quarter. Creative Planning now owns 41,784 shares of the financial services provider’s stock worth $5,219,000 after purchasing an additional 2,316 shares during the last quarter. Swedbank AB raised its position in shares of Apollo Global Management by 50.9% in the 3rd quarter. Swedbank AB now owns 77,938 shares of the financial services provider’s stock valued at $9,735,000 after purchasing an additional 26,300 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Apollo Global Management during the 3rd quarter valued at approximately $974,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

APO has been the topic of several recent analyst reports. Piper Sandler upped their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Evercore ISI upped their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley increased their target price on Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday. One research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $165.74.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 58,200 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. This represents a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This represents a 1.54 % decrease in their position. 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 in the last three months. 8.50% of the stock is owned by company insiders.

Apollo Global Management Trading Down 0.4 %

Apollo Global Management stock opened at $157.46 on Thursday. The firm has a 50-day moving average price of $168.28 and a two-hundred day moving average price of $145.59. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The firm has a market capitalization of $89.09 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.28 and a beta of 1.63. 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 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is 25.31%.

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.