3,681 Shares in Apollo Global Management, Inc. (NYSE:APO) Purchased by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. acquired a new position in Apollo Global Management, Inc. (NYSE:APO) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 3,681 shares of the financial services provider’s stock, valued at approximately $608,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Byrne Asset Management LLC bought a new position in Apollo Global Management in the 4th quarter worth about $37,000. Retirement Wealth Solutions LLC bought a new position in Apollo Global Management in the 4th quarter worth about $39,000. UMB Bank n.a. grew its stake in Apollo Global Management by 447.1% in the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 228 shares in the last quarter. Prospera Private Wealth LLC bought a new position in Apollo Global Management in the 3rd quarter worth about $80,000. Finally, Truvestments Capital LLC bought a new position in Apollo Global Management in the 3rd quarter worth about $83,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APO has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group upped their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. TD Cowen increased their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods dropped their price objective on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company dropped their price objective on shares of 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. 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. Based on data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $165.74.

Apollo Global Management Price Performance

Shares of APO opened at $161.97 on Wednesday. The company has a market cap of $91.65 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 1.28 and a beta of 1.63. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve 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. The company has a 50 day moving average of $167.19 and a two-hundred day moving average of $147.01.

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 paid a $0.4625 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.14%. Apollo Global Management’s dividend payout ratio (DPR) is 25.31%.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the sale, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the sale, the insider now directly owns 35,104,773 shares in the company, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 201,600 shares of company stock valued at $34,977,528. Insiders own 8.50% of the company’s stock.

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.