Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC lifted its position in Apollo Global Management, Inc. (NYSE:APO) by 16.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,184 shares of the financial services provider’s stock after purchasing an additional 458 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Apollo Global Management were worth $526,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chicago Capital LLC grew its stake in shares of Apollo Global Management by 1.2% in the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock valued at $709,000 after buying an additional 69 shares during the period. Menard Financial Group LLC lifted its holdings in Apollo Global Management by 1.2% in the third quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 71 shares during the last quarter. Cyndeo Wealth Partners LLC grew its position in Apollo Global Management by 3.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 77 shares during the period. Sfmg LLC increased its stake in Apollo Global Management by 1.1% during the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock worth $902,000 after acquiring an additional 79 shares during the last quarter. Finally, Cigna Investments Inc. New raised its position in Apollo Global Management by 1.8% in the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock valued at $645,000 after purchasing an additional 90 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Trading Up 0.5 %

NYSE APO opened at $166.81 on Monday. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The firm has a 50 day moving average of $169.18 and a two-hundred day moving average of $139.96. 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 stock has a market capitalization of $94.38 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.20 and a beta of 1.63.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.463 dividend. This represents a $1.85 annualized dividend and a yield of 1.11%. The ex-dividend date was Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is 19.33%.

Insider Buying and Selling at Apollo Global Management

In related news, insider Leon D. Black sold 58,200 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This trade 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 worth $34,186,128 over the last ninety days. Corporate insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wolfe Research initiated coverage on Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price objective for the company. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Barclays upped their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods lifted their target price on shares of Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, TD Cowen upped their price target on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $164.32.

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.