Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by SOL Capital Management CO

SOL Capital Management CO lifted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 75,830 shares of the financial services provider’s stock after acquiring an additional 645 shares during the quarter. Apollo Global Management comprises 1.4% of SOL Capital Management CO’s holdings, making the stock its 18th biggest position. SOL Capital Management CO’s holdings in Apollo Global Management were worth $12,524,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Retirement Wealth Solutions LLC bought a new position in shares of Apollo Global Management during the 4th quarter valued at $39,000. UMB Bank n.a. raised its holdings 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 valued at $46,000 after buying an additional 228 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management in the third quarter worth about $35,000. Versant Capital Management Inc lifted its position in shares of Apollo Global Management by 203.6% in the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock worth $83,000 after buying an additional 336 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in shares of Apollo Global Management during the 4th quarter valued at about $97,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. The trade was 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 the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at $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 sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Stock Performance

NYSE APO opened at $171.87 on Friday. The company’s 50 day moving average is $170.04 and its 200-day moving average is $142.84. The firm has a market cap of $97.25 billion, a P/E ratio of 17.96, a price-to-earnings-growth 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 quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a $0.463 dividend. This is a positive change 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 1.08%. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

Wall Street Analyst Weigh In

APO has been the topic of a number of recent analyst reports. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Barclays upped their price target on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods raised 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. Wells Fargo & Company dropped their target price on shares of Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Piper Sandler increased their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.32.

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.