L & S Advisors Inc Purchases 36,883 Shares of Apollo Global Management, Inc. (NYSE:APO)

L & S Advisors Inc grew its holdings in Apollo Global Management, Inc. (NYSE:APO) by 138.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,601 shares of the financial services provider’s stock after acquiring an additional 36,883 shares during the quarter. Apollo Global Management accounts for approximately 1.2% of L & S Advisors Inc’s investment portfolio, making the stock its 17th biggest position. L & S Advisors Inc’s holdings in Apollo Global Management were worth $10,504,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of APO. Hopwood Financial Services Inc. acquired a new position in Apollo Global Management in the fourth quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Apollo Global Management during the fourth quarter worth $34,000. Byrne Asset Management LLC acquired a new position in shares of Apollo Global Management during the fourth quarter worth $37,000. Retirement Wealth Solutions LLC bought a new position in shares of Apollo Global Management in the 4th quarter valued at $39,000. Finally, HM Payson & Co. bought a new stake in Apollo Global Management during the 4th quarter worth $45,000. 77.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the firm’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 owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Performance

NYSE APO opened at $136.89 on Friday. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The company has a fifty day moving average price of $152.47 and a 200-day moving average price of $152.95. The firm has a market cap of $78.09 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a dividend of $0.4625 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.35%. Apollo Global Management’s dividend payout ratio (DPR) is currently 25.31%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods cut their price target on 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 lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Morgan Stanley increased their price objective on Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Piper Sandler upped their price target on Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, TD Cowen raised their price objective on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.21.

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.