Apollo Global Management, Inc. (NYSE:APO) Stock Holdings Increased by Blue Trust Inc.

Blue Trust Inc. grew its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 29.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,156 shares of the financial services provider’s stock after purchasing an additional 948 shares during the period. Blue Trust Inc.’s holdings in Apollo Global Management were worth $686,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Compagnie Lombard Odier SCmA acquired a new position in Apollo Global Management during the 3rd quarter valued at about $35,000. Retirement Wealth Solutions LLC bought a new position in shares of Apollo Global Management in 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 acquiring an additional 228 shares during the period. Prospera Private Wealth LLC bought a new stake in Apollo Global Management during the third quarter worth approximately $80,000. Finally, Truvestments Capital LLC acquired a new stake in Apollo Global Management in the third quarter worth approximately $83,000. 77.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was 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 owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 133,400 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the transaction, the insider now directly owns 35,471,373 shares in the company, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock valued at $34,186,128 in the last quarter. Company insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on APO. Morgan Stanley boosted their price objective on Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. TD Cowen upped their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Apollo Global Management from $168.00 to $196.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Evercore ISI increased 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. Finally, BMO Capital Markets lifted their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and an average target price of $164.32.

Apollo Global Management Trading Up 0.5 %

NYSE:APO opened at $171.87 on Friday. The stock has a market cap of $97.25 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 1.36 and a beta of 1.63. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The stock’s 50-day moving average is $170.04 and its two-hundred day moving average is $142.84.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a $0.463 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.08%. Apollo Global Management’s dividend payout ratio is presently 19.33%.

About Apollo Global Management

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.