Kohmann Bosshard Financial Services LLC Purchases New Shares in Apollo Global Management, Inc. (NYSE:APO)

Kohmann Bosshard Financial Services LLC purchased a new stake in Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 204 shares of the financial services provider’s stock, valued at approximately $34,000.

A number of other institutional investors have also made changes to their positions in the business. Byrne Asset Management LLC bought a new stake in Apollo Global Management during the 4th quarter worth about $37,000. Retirement Wealth Solutions LLC acquired a new position in Apollo Global Management during the 4th quarter valued at about $39,000. UMB Bank n.a. lifted its position in 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 valued at $46,000 after purchasing an additional 228 shares during the period. WR Wealth Planners LLC lifted its position 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 during the period. Finally, Versant Capital Management Inc lifted its position in Apollo Global Management by 203.6% during the 4th quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 336 shares during the period. 77.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on APO shares. TD Cowen upped their target price on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Morgan Stanley upped their target price on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Finally, BMO Capital Markets increased their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $165.74.

Apollo Global Management Price Performance

NYSE APO opened at $144.55 on Tuesday. The business has a 50 day simple moving average of $162.85 and a 200 day simple moving average of $149.90. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market cap of $82.46 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 1.17 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid 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 yield of 1.28%. Apollo Global Management’s payout ratio is 25.31%.

Insider Buying and Selling

In other news, insider Leon D. Black sold 58,200 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. This represents a 0.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the sale, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is owned by company insiders.

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.