25,736 Shares in Apollo Global Management, Inc. (NYSE:APO) Purchased by Left Brain Wealth Management LLC

Left Brain Wealth Management LLC purchased a new position in Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 25,736 shares of the financial services provider’s stock, valued at approximately $4,251,000. Apollo Global Management makes up about 1.6% of Left Brain Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding.

A number of other hedge funds have also bought and sold shares of the company. Wellington Shields Capital Management LLC grew its stake in Apollo Global Management by 2.1% in the fourth quarter. Wellington Shields Capital Management LLC now owns 53,323 shares of the financial services provider’s stock worth $8,807,000 after purchasing an additional 1,099 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new stake in shares of Apollo Global Management during the 4th quarter valued at about $6,737,000. Stelac Advisory Services LLC bought a new stake in shares of Apollo Global Management during the 4th quarter valued at about $132,000. Wintrust Investments LLC grew its position in shares of Apollo Global Management by 888.0% during the 4th quarter. Wintrust Investments LLC now owns 8,714 shares of the financial services provider’s stock valued at $1,439,000 after buying an additional 7,832 shares during the last quarter. Finally, Tredje AP fonden bought a new stake in shares of Apollo Global Management during the 4th quarter valued at about $3,303,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on APO shares. Wells Fargo & Company lowered their price objective on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Barclays boosted their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. 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. BMO Capital Markets upped their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Morgan Stanley upped their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.74.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.50% of the stock is currently owned by corporate insiders.

Apollo Global Management Stock Performance

Shares of NYSE APO opened at $130.16 on Friday. The stock has a fifty day moving average price of $157.77 and a two-hundred day moving average price of $150.78. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $74.25 billion, a P/E ratio of 17.81, a PEG ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s payout ratio is currently 25.31%.

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.