NEOS Investment Management LLC Makes New $3.83 Million Investment in Apollo Global Management, Inc. (NYSE:APO)

NEOS Investment Management LLC purchased a new stake in Apollo Global Management, Inc. (NYSE:APO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 23,159 shares of the financial services provider’s stock, valued at approximately $3,825,000.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on APO. BMO Capital Markets increased their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. TD Cowen lifted their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Morgan Stanley upped their target price on Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Wells Fargo & Company lowered their price target on Apollo Global Management from $187.00 to $177.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Finally, Keefe, Bruyette & Woods dropped 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $165.21.

Apollo Global Management Stock Performance

NYSE APO opened at $142.18 on Friday. The business’s 50-day moving average price is $153.07 and its 200 day moving average price is $152.75. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The company has a market capitalization of $81.11 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 annualized dividend and a dividend yield of 1.30%. Apollo Global Management’s payout ratio is currently 25.31%.

Insider Buying and Selling

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction on 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 owns 34,604,773 shares in the company, valued at $4,913,877,766. This trade represents a 1.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company’s stock.

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.