Encompass More Asset Management Takes $553,000 Position in Apollo Global Management, Inc. (NYSE:APO)

Encompass More Asset Management bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,346 shares of the financial services provider’s stock, valued at approximately $553,000.

Several other institutional investors also recently bought and sold shares of APO. Donoghue Forlines LLC purchased a new position in Apollo Global Management during the fourth quarter worth $1,975,000. Janney Montgomery Scott LLC bought a new stake in shares of Apollo Global Management in the 4th quarter worth about $33,162,000. SG Americas Securities LLC boosted its stake in shares of Apollo Global Management by 786.3% during the 4th quarter. SG Americas Securities LLC now owns 38,538 shares of the financial services provider’s stock worth $6,365,000 after purchasing an additional 34,190 shares during the period. Marino Stram & Associates LLC bought a new position in Apollo Global Management during the 4th quarter valued at about $209,000. Finally, Nisa Investment Advisors LLC raised its position in Apollo Global Management by 31.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 44,333 shares of the financial services provider’s stock worth $7,322,000 after purchasing an additional 10,630 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Leon D. Black sold 133,400 shares of the 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 directly owns 35,471,373 shares in the company, valued at $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 196,600 shares of company stock worth $34,186,128. Insiders own 8.50% of the company’s stock.

Analyst Ratings Changes

APO has been the topic of a number of analyst reports. Piper Sandler upped their target price on Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Barclays increased their target price on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. boosted their target price on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. UBS Group raised shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. 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 report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $164.32.

Apollo Global Management Stock Up 0.1 %

Shares of Apollo Global Management stock opened at $169.93 on Friday. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The firm’s 50 day moving average price is $169.49 and its 200-day moving average price is $141.05. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a market cap of $96.15 billion, a P/E ratio of 17.76, a PEG ratio of 1.36 and a beta of 1.63.

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 given a dividend of $0.463 per share. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.09%. Apollo Global Management’s dividend payout ratio is presently 19.33%.

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.