Horizon Investments LLC Buys New Shares in Apollo Global Management, Inc. (NYSE:APO)

Horizon Investments LLC bought a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,094 shares of the financial services provider’s stock, valued at approximately $1,997,000.

Several other institutional investors and hedge funds also recently bought and sold shares of APO. Hopwood Financial Services Inc. purchased a new position in Apollo Global Management during the fourth quarter valued at $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Apollo Global Management in the fourth quarter valued at about $34,000. Byrne Asset Management LLC purchased a new position in shares of Apollo Global Management in the fourth quarter valued at about $37,000. Retirement Wealth Solutions LLC purchased a new position in shares of Apollo Global Management in the fourth quarter valued at about $39,000. Finally, HM Payson & Co. purchased a new position in shares of Apollo Global Management in the fourth quarter valued at about $45,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays boosted their price objective on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Morgan Stanley boosted their price objective 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. BMO Capital Markets boosted their price objective 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. The Goldman Sachs Group boosted their price objective on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company decreased their target price on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. 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 currently has an average rating of “Moderate Buy” and a consensus target price of $165.74.

Insider Activity

In other news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Down 0.9 %

Shares of NYSE APO opened at $137.39 on Wednesday. The stock has a market capitalization of $78.38 billion, a P/E ratio of 18.80, a PEG ratio of 1.17 and a beta of 1.66. The business’s 50 day moving average is $155.26 and its two-hundred day moving average is $151.65. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.35%. Apollo Global Management’s dividend payout ratio is 25.31%.

Apollo Global Management 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.