Commerzbank Aktiengesellschaft FI Purchases Shares of 3,102 Apollo Global Management, Inc. (NYSE:APO)

Commerzbank Aktiengesellschaft FI acquired a new position in shares of Apollo Global Management, Inc. (NYSE:APO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,102 shares of the financial services provider’s stock, valued at approximately $517,000.

Several other large investors also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management in the fourth quarter worth approximately $34,000. Byrne Asset Management LLC acquired a new position in shares of Apollo Global Management during the fourth quarter worth approximately $37,000. Retirement Wealth Solutions LLC bought a new position in shares of Apollo Global Management in the 4th quarter worth $39,000. UMB Bank n.a. grew its position in Apollo Global Management by 447.1% in the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 228 shares during the period. Finally, WR Wealth Planners LLC increased its stake in Apollo Global Management by 25.3% during the 4th quarter. WR Wealth Planners LLC now owns 455 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 92 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on APO shares. The Goldman Sachs Group raised their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Piper Sandler boosted their price objective on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Wells Fargo & Company dropped their target price on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, Citigroup upped their price target on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $165.74.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Trading Up 2.0 %

NYSE:APO opened at $140.62 on Thursday. The firm’s 50 day moving average is $161.43 and its 200 day moving average is $150.03. 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 $80.22 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. 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 company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.4625 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.32%. Apollo Global Management’s dividend payout ratio is presently 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.