Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by Williamson Legacy Group LLC

Williamson Legacy Group LLC lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 25.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,646 shares of the financial services provider’s stock after buying an additional 2,131 shares during the period. Apollo Global Management makes up approximately 1.2% of Williamson Legacy Group LLC’s portfolio, making the stock its 11th largest position. Williamson Legacy Group LLC’s holdings in Apollo Global Management were worth $1,758,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in APO. Byrne Asset Management LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter worth approximately $37,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter worth approximately $39,000. UMB Bank n.a. increased its holdings in shares of Apollo Global Management by 447.1% during the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock worth $46,000 after buying an additional 228 shares during the last quarter. WR Wealth Planners LLC increased its holdings in shares of 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 worth $75,000 after buying an additional 92 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Apollo Global Management during the 3rd quarter worth approximately $80,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction on 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 in the company, valued at $59,697,517.92. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction on 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 sale, the insider now owns 35,471,373 shares in the company, valued at $6,177,694,321.68. This represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 201,600 shares of company stock valued at $34,977,528. Insiders own 8.50% of the company’s stock.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $149.21 on Friday. The stock has a market cap of $84.42 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The company has a fifty day simple moving average of $163.39 and a 200-day simple moving average of $149.05. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. 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 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 of this dividend was Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.24%. Apollo Global Management’s dividend payout ratio (DPR) is currently 25.31%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APO. TD Cowen raised their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, December 9th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Morgan Stanley increased their price objective on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. BMO Capital Markets increased their price objective 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. Finally, The Goldman Sachs Group increased their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. 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. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $165.74.

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.