Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC increased its stake in Apollo Global Management, Inc. (NYSE:APO) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,841 shares of the financial services provider’s stock after buying an additional 233 shares during the quarter. Applied Finance Capital Management LLC’s holdings in Apollo Global Management were worth $1,295,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Quantinno Capital Management LP raised its stake in shares of Apollo Global Management by 50.9% during the third quarter. Quantinno Capital Management LP now owns 18,854 shares of the financial services provider’s stock valued at $2,355,000 after purchasing an additional 6,358 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in Apollo Global Management during the 3rd quarter worth $3,833,000. Insigneo Advisory Services LLC purchased a new stake in Apollo Global Management during the 3rd quarter worth $316,000. EP Wealth Advisors LLC lifted its stake in shares of Apollo Global Management by 61.7% in the third quarter. EP Wealth Advisors LLC now owns 5,456 shares of the financial services provider’s stock worth $681,000 after acquiring an additional 2,081 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in Apollo Global Management by 11.9% in the third quarter. National Bank of Canada FI now owns 9,089 shares of the financial services provider’s stock valued at $1,135,000 after purchasing an additional 970 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on APO shares. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. TD Cowen increased their target price on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, December 9th. BMO Capital Markets lifted their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Bank of America upped their price objective on Apollo Global Management from $186.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Barclays dropped their price target on shares of Apollo Global Management from $196.00 to $145.00 and set an “overweight” rating on the stock in a research note on Monday. One research 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $165.37.

Apollo Global Management Trading Up 3.1 %

Shares of APO stock opened at $112.06 on Tuesday. The stock has a 50 day simple moving average of $147.39 and a 200 day simple moving average of $154.01. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year 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. The stock has a market cap of $63.93 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s payout ratio is currently 25.31%.

Insider Buying and Selling

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the completion of the transaction, the insider now directly owns 34,604,773 shares in the company, valued at $4,913,877,766. The trade was a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the sale, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by company insiders.

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.