Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC lifted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 71.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,569 shares of the financial services provider’s stock after purchasing an additional 3,560 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in Apollo Global Management were worth $1,415,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in APO. Compagnie Lombard Odier SCmA acquired a new stake in Apollo Global Management during the 3rd quarter worth approximately $35,000. Byrne Asset Management LLC purchased a new position in shares of Apollo Global Management during the 4th quarter valued at approximately $37,000. Retirement Wealth Solutions LLC bought a new position in Apollo Global Management during the fourth quarter worth $39,000. UMB Bank n.a. lifted its stake in 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 worth $46,000 after purchasing an additional 228 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new position in Apollo Global Management during the third quarter worth $80,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Leon D. Black sold 133,400 shares of the 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 transaction, the insider now directly owns 35,471,373 shares of the company’s stock, valued at $6,177,694,321.68. This represents a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin Kelly sold 5,000 shares of the firm’s 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 transaction, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on APO. Wells Fargo & Company cut their target price on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft lifted their target price on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods lowered their target price on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Piper Sandler lifted their price target on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, BMO Capital Markets raised their price objective on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $164.00.

Apollo Global Management Stock Performance

Shares of APO opened at $162.08 on Tuesday. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The firm has a fifty day simple moving average of $168.93 and a 200 day simple moving average of $145.25. The stock has a market capitalization of $91.71 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.28 and a beta of 1.63. 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 Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is currently 25.31%.

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.