Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors boosted its holdings in Apollo Global Management, Inc. (NYSE:APO) by 1.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,797 shares of the financial services provider’s stock after buying an additional 141 shares during the period. Arkadios Wealth Advisors’ holdings in Apollo Global Management were worth $1,783,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Partners Group Holding AG boosted its stake in Apollo Global Management by 26.5% in the 3rd quarter. Partners Group Holding AG now owns 775,727 shares of the financial services provider’s stock worth $96,896,000 after buying an additional 162,678 shares during the last quarter. Swedbank AB boosted its stake in Apollo Global Management by 50.9% in the 3rd quarter. Swedbank AB now owns 77,938 shares of the financial services provider’s stock worth $9,735,000 after buying an additional 26,300 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Apollo Global Management by 34.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 19,441 shares of the financial services provider’s stock worth $2,428,000 after buying an additional 4,941 shares during the last quarter. Geode Capital Management LLC boosted its stake in Apollo Global Management by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider’s stock worth $713,230,000 after buying an additional 254,268 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Apollo Global Management by 0.4% in the 3rd quarter. Swiss National Bank now owns 1,182,214 shares of the financial services provider’s stock worth $147,670,000 after buying an additional 4,600 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the sale, the insider now directly owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value 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. Insiders have sold a total of 196,600 shares of company stock valued at $34,186,128 in the last three months. Corporate insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO opened at $166.81 on Friday. The business’s 50 day moving average is $169.18 and its two-hundred day moving average is $139.82. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The firm has a market cap of $94.38 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.20 and a beta of 1.63. 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 firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.11%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio is presently 19.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Barclays lifted their price objective on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. The Goldman Sachs Group lifted their price objective on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. BMO Capital Markets lifted their price objective on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, Keefe, Bruyette & Woods lifted their price objective on Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, 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.