Apollo Global Management, Inc. (NYSE:APO) Holdings Increased by Kerusso Capital Management LLC

Kerusso Capital Management LLC grew its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,912 shares of the financial services provider’s stock after buying an additional 89 shares during the quarter. Apollo Global Management accounts for approximately 4.2% of Kerusso Capital Management LLC’s holdings, making the stock its 2nd largest position. Kerusso Capital Management LLC’s holdings in Apollo Global Management were worth $6,592,000 at the end of the most recent reporting period.

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

Apollo Global Management Trading Up 3.2 %

Shares of Apollo Global Management stock opened at $162.95 on Monday. The firm has a market cap of $92.20 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 1.28 and a beta of 1.63. The business has a 50-day moving average price of $167.64 and a 200-day moving average price of $146.27. The company has a quick ratio of 1.44, a current 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.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a $0.4625 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.14%. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Analysts Set New Price Targets

A number of brokerages recently commented on APO. TD Cowen raised their target price on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Morgan Stanley raised their target price on Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Keefe, Bruyette & Woods decreased their target price on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group raised their target price on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, UBS Group upgraded Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.74.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the transaction, the chief financial officer now 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction dated 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 owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 201,600 shares of company stock worth $34,977,528. 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.