Donoghue Forlines LLC Purchases Shares of 11,961 Apollo Global Management, Inc. (NYSE:APO)

Donoghue Forlines LLC acquired a new stake in Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,961 shares of the financial services provider’s stock, valued at approximately $1,975,000.

Several other large investors also recently modified their holdings of the stock. Compagnie Lombard Odier SCmA bought a new position in Apollo Global Management in the 3rd quarter valued at about $35,000. Retirement Wealth Solutions LLC acquired a new stake in Apollo Global Management during the 4th quarter worth approximately $39,000. UMB Bank n.a. boosted its stake in Apollo Global Management by 447.1% in 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. Prospera Private Wealth LLC acquired a new position in Apollo Global Management in the 3rd quarter valued at $80,000. Finally, Truvestments Capital LLC bought a new position in Apollo Global Management during the 3rd quarter worth $83,000. 77.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on APO shares. Keefe, Bruyette & Woods lifted their price objective on shares of Apollo Global Management from $168.00 to $196.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. UBS Group raised Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. Piper Sandler increased their target price on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Barclays upped their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, TD Cowen boosted 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 issued a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.32.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the sale, the chief financial officer now owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 133,400 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 196,600 shares of company stock worth $34,186,128. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $170.12 on Thursday. The stock has a 50-day moving average price of $169.39 and a two-hundred day moving average price of $140.85. The company has a market capitalization of $96.26 billion, a PE ratio of 17.75, a P/E/G ratio of 1.36 and a beta of 1.63. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a dividend of $0.463 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.09%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

Apollo Global Management 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.