Segment Wealth Management LLC Buys 2,890 Shares of Apollo Global Management, Inc. (NYSE:APO)

Segment Wealth Management LLC boosted its stake in Apollo Global Management, Inc. (NYSE:APO) by 4.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 62,693 shares of the financial services provider’s stock after acquiring an additional 2,890 shares during the quarter. Segment Wealth Management LLC’s holdings in Apollo Global Management were worth $10,354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in APO. Compagnie Lombard Odier SCmA acquired a new position in shares of Apollo Global Management during the third quarter worth $35,000. Retirement Wealth Solutions LLC bought a new position in Apollo Global Management in the fourth quarter valued at about $39,000. UMB Bank n.a. boosted 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 purchasing an additional 228 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Apollo Global Management during the third quarter worth about $80,000. Finally, Truvestments Capital LLC acquired a new position in shares of Apollo Global Management in the third quarter valued at approximately $83,000. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on APO shares. JPMorgan Chase & Co. lifted their target price on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group boosted 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 note on Tuesday, November 19th. Morgan Stanley lifted their target price on Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, TD Cowen increased 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. 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’s stock. According to MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.32.

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 directly owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. This represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 320,564 shares in the company, valued at $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 a total of 196,600 shares of company stock worth $34,186,128 in the last ninety days. Corporate insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $166.81 on Tuesday. The business has a 50-day simple moving average of $169.19 and a 200 day simple moving average of $140.29. The firm has a market capitalization of $94.38 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.20 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.11%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management’s dividend payout ratio is presently 19.33%.

Apollo Global Management Company Profile

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.