Yousif Capital Management LLC Buys 48,723 Shares of Apollo Global Management, Inc. (NYSE:APO)

Yousif Capital Management LLC lifted its position in Apollo Global Management, Inc. (NYSE:APO) by 661.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,094 shares of the financial services provider’s stock after purchasing an additional 48,723 shares during the quarter. Yousif Capital Management LLC’s holdings in Apollo Global Management were worth $9,264,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in APO. Retirement Wealth Solutions LLC bought a new stake in Apollo Global Management in the 4th quarter worth approximately $39,000. UMB Bank n.a. grew its holdings in shares of Apollo Global Management by 447.1% in the fourth 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 in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in Apollo Global Management in the third quarter worth $35,000. Versant Capital Management Inc raised its stake in Apollo Global Management by 203.6% during the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 336 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new position in Apollo Global Management during the fourth quarter valued at $97,000. 77.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research report on Wednesday. UBS Group raised Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. BMO Capital Markets boosted their target price on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Morgan Stanley increased their price target on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, Piper Sandler boosted their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. One equities research 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.00.

Apollo Global Management Stock Up 2.0 %

Shares of NYSE:APO opened at $165.84 on Thursday. 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 business’s 50 day moving average is $169.55 and its 200 day moving average is $144.25. The stock has a market cap of $93.84 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 1.37 and a beta of 1.63. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.4625 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.12%. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management 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 transaction, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the transaction, the insider now directly owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. The trade was a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock worth $34,186,128 over the last three months. 8.50% of the stock is owned by corporate insiders.

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.