Stephens Inc. AR Raises Holdings in Apollo Global Management, Inc. (NYSE:APO)

Stephens Inc. AR lifted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 28.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,971 shares of the financial services provider’s stock after purchasing an additional 40,572 shares during the period. Stephens Inc. AR’s holdings in Apollo Global Management were worth $30,385,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of APO. SG Americas Securities LLC purchased a new stake in Apollo Global Management in the 3rd quarter worth approximately $543,000. Dynamic Advisor Solutions LLC grew its stake in Apollo Global Management by 24.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,228 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 641 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Apollo Global Management by 27.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 103,879 shares of the financial services provider’s stock worth $12,974,000 after acquiring an additional 22,053 shares during the period. Perfromance Wealth Partners LLC grew its stake in Apollo Global Management by 211.1% in the 3rd quarter. Perfromance Wealth Partners LLC now owns 6,222 shares of the financial services provider’s stock worth $777,000 after acquiring an additional 4,222 shares during the period. Finally, InTrack Investment Management Inc grew its stake in Apollo Global Management by 56.2% in the 3rd quarter. InTrack Investment Management Inc now owns 4,021 shares of the financial services provider’s stock worth $502,000 after acquiring an additional 1,447 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Stock Performance

Shares of APO stock opened at $163.39 on Friday. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month 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 firm has a market capitalization of $92.45 billion, a P/E ratio of 22.35, a P/E/G ratio of 1.28 and a beta of 1.63. The company’s fifty day moving average price is $169.13 and its two-hundred day moving average price is $144.80.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a $0.4625 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.13%. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Leon D. Black sold 58,200 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the completion of the sale, the insider now directly owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 196,600 shares of company stock valued at $34,186,128. Insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on APO. Piper Sandler lifted their target price on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Wells Fargo & Company lowered their price objective on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a research note on Wednesday. Keefe, Bruyette & Woods lowered their price objective on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research note on Wednesday. TD Cowen boosted their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, BMO Capital Markets boosted their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average 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.