Byrne Asset Management LLC Acquires Shares of 225 Apollo Global Management, Inc. (NYSE:APO)

Byrne Asset Management LLC bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 225 shares of the financial services provider’s stock, valued at approximately $37,000.

Other institutional investors have also recently modified their holdings of the company. Joel Isaacson & Co. LLC raised its stake in shares of Apollo Global Management by 3.1% during the 4th quarter. Joel Isaacson & Co. LLC now owns 78,677 shares of the financial services provider’s stock worth $12,994,000 after buying an additional 2,357 shares during the period. Shepherd Financial Partners LLC lifted its holdings in Apollo Global Management by 14.9% during the fourth quarter. Shepherd Financial Partners LLC now owns 4,492 shares of the financial services provider’s stock valued at $742,000 after purchasing an additional 584 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Apollo Global Management during the fourth quarter worth about $937,000. Ameliora Wealth Management Ltd. lifted its stake in Apollo Global Management by 1.0% in the 4th quarter. Ameliora Wealth Management Ltd. now owns 22,611 shares of the financial services provider’s stock valued at $3,734,000 after buying an additional 221 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Apollo Global Management by 32.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,832 shares of the financial services provider’s stock worth $7,735,000 after buying an additional 11,492 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Leon D. Black sold 58,200 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock worth $34,186,128 over the last three months. Company insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Barclays lifted their price target 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. Evercore ISI increased their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods dropped their price objective on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research note on Wednesday. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. Finally, TD Cowen upped their price target on 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 research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and a consensus price target of $164.00.

Apollo Global Management Trading Down 0.9 %

APO opened at $163.39 on Friday. 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 firm has a market cap of $92.45 billion, a P/E ratio of 17.07, a P/E/G ratio of 1.37 and a beta of 1.63. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The business has a fifty day simple moving average of $169.13 and a 200-day simple moving average of $144.66.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.13%. The ex-dividend date is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is currently 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.