Shepherd Financial Partners LLC Grows Stake in Apollo Global Management, Inc. (NYSE:APO)

Shepherd Financial Partners LLC boosted its stake in Apollo Global Management, Inc. (NYSE:APO) by 14.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,492 shares of the financial services provider’s stock after buying an additional 584 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Apollo Global Management were worth $742,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new position in Apollo Global Management in the 3rd quarter valued at $35,000. Retirement Wealth Solutions LLC purchased a new position in shares of Apollo Global Management in the fourth quarter worth about $39,000. UMB Bank n.a. boosted its position in 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 worth $46,000 after acquiring an additional 228 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Apollo Global Management in the third quarter valued at approximately $80,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Apollo Global Management in the 3rd quarter worth $83,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Price Performance

APO stock opened at $163.39 on Friday. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The company has a market capitalization of $92.45 billion, a P/E ratio of 17.07, a PEG ratio of 1.37 and a beta of 1.63. The business has a 50 day simple moving average of $169.13 and a 200-day simple moving average of $144.66. 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 disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.4625 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.13%. Apollo Global Management’s dividend payout ratio is presently 19.33%.

Insider Buying and Selling

In other news, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the sale, the insider now owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock worth $34,186,128 in the last three months. Corporate insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Citigroup upped their price target on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. 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 lifted their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group upped their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company dropped their target price on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a report on Wednesday. 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 company. According to data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus price target of $164.00.

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.