Permanent Capital Management LP Purchases New Position in Apollo Global Management, Inc. (NYSE:APO)

Permanent Capital Management LP bought a new position in Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,396 shares of the financial services provider’s stock, valued at approximately $231,000.

A number of other large investors have also added to or reduced their stakes in APO. Concurrent Investment Advisors LLC grew its position in Apollo Global Management by 1.8% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 19,323 shares of the financial services provider’s stock worth $2,414,000 after purchasing an additional 337 shares during the period. Blake Schutter Theil Wealth Advisors LLC bought a new stake in Apollo Global Management in the 3rd quarter worth approximately $248,000. TFB Advisors LLC grew its position in Apollo Global Management by 6.2% in the 3rd quarter. TFB Advisors LLC now owns 19,028 shares of the financial services provider’s stock worth $2,377,000 after purchasing an additional 1,109 shares during the period. Leavell Investment Management Inc. grew its position in Apollo Global Management by 4.8% in the 3rd quarter. Leavell Investment Management Inc. now owns 4,400 shares of the financial services provider’s stock worth $550,000 after purchasing an additional 200 shares during the period. Finally, CWA Asset Management Group LLC purchased a new position in shares of Apollo Global Management during the 3rd quarter worth $438,000. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price target 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. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. BMO Capital Markets lifted their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Finally, TD Cowen lifted their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and an average target price of $165.74.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the sale, the chief financial officer now directly owns 377,164 shares in the company, valued at $59,697,517.92. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Down 1.6 %

Shares of APO stock opened at $132.63 on Friday. The stock has a market cap of $75.66 billion, a P/E ratio of 18.14, a PEG ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week 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’s fifty day simple moving average is $160.63 and its two-hundred day simple moving average is $149.92.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.39%. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

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.