Core Wealth Partners LLC Invests $224,000 in Apollo Global Management, Inc. (NYSE:APO)

Core Wealth Partners LLC purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,357 shares of the financial services provider’s stock, valued at approximately $224,000.

A number of other large investors also recently made changes to their positions in APO. Hopwood Financial Services Inc. acquired a new stake in Apollo Global Management in the 4th quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management during the 4th quarter worth approximately $34,000. Byrne Asset Management LLC bought a new position in shares of Apollo Global Management in the fourth quarter worth about $37,000. Retirement Wealth Solutions LLC acquired a new position in shares of Apollo Global Management during the fourth quarter valued at $39,000. Finally, HM Payson & Co. bought a new position in Apollo Global Management in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Down 0.5 %

Apollo Global Management stock opened at $147.67 on Wednesday. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The stock has a fifty day moving average of $153.95 and a 200 day moving average of $152.88. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market cap of $84.24 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $0.4625 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.25%. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was 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. This represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the sale, 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 disclosure for this sale can be found here. 8.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Piper Sandler raised their price target on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Morgan Stanley boosted their price objective on Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Barclays upped their target price on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods reduced 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. Finally, Wells Fargo & Company dropped their price target on shares of Apollo Global Management from $187.00 to $177.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. One 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. Based on data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $165.21.

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.