Janney Montgomery Scott LLC Buys Shares of 200,787 Apollo Global Management, Inc. (NYSE:APO)

Janney Montgomery Scott LLC bought a new stake in Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 200,787 shares of the financial services provider’s stock, valued at approximately $33,162,000.

Other hedge funds have also recently made changes to their positions in the company. Retirement Wealth Solutions LLC bought a new stake in shares of Apollo Global Management during the 4th quarter valued at $39,000. UMB Bank n.a. raised its stake in shares of Apollo Global Management by 447.1% during the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 228 shares during the period. Compagnie Lombard Odier SCmA bought a new stake in shares of Apollo Global Management during the 3rd quarter valued at $35,000. Versant Capital Management Inc increased its stake in Apollo Global Management by 203.6% in the 4th quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 336 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new position in Apollo Global Management in the 4th quarter worth about $97,000. 77.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Leon D. Black sold 58,200 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock valued at $34,186,128 in the last 90 days. Insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

APO has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their target price on Apollo Global Management from $168.00 to $196.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Piper Sandler upped their target price on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. UBS Group upgraded Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. Finally, Barclays upped their price objective on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and a consensus target price of $164.32.

Apollo Global Management Trading Up 0.4 %

APO opened at $169.49 on Friday. The business has a 50 day simple moving average of $169.49 and a two-hundred day simple moving average of $141.05. The firm has a market capitalization of $95.90 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.36 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a dividend of $0.463 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.09%. Apollo Global Management’s dividend payout ratio is presently 19.33%.

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.