Capital Asset Advisory Services LLC Makes New $205,000 Investment in Apollo Global Management, Inc. (NYSE:APO)

Capital Asset Advisory Services LLC purchased a new position in Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,215 shares of the financial services provider’s stock, valued at approximately $205,000.

Other large investors also recently made changes to their positions in the company. AXA S.A. lifted its holdings in Apollo Global Management by 283.9% in the 2nd quarter. AXA S.A. now owns 8,986 shares of the financial services provider’s stock worth $1,061,000 after purchasing an additional 6,645 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Apollo Global Management by 4.5% in the second quarter. Mackenzie Financial Corp now owns 178,868 shares of the financial services provider’s stock valued at $21,119,000 after purchasing an additional 7,679 shares during the period. Creative Planning lifted its stake in shares of Apollo Global Management by 12.0% in the second quarter. Creative Planning now owns 39,468 shares of the financial services provider’s stock worth $4,660,000 after buying an additional 4,242 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Apollo Global Management by 11.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,404 shares of the financial services provider’s stock worth $638,000 after buying an additional 560 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its stake in Apollo Global Management by 127.9% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 26,391 shares of the financial services provider’s stock valued at $3,116,000 after buying an additional 14,812 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated 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 transaction, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the completion of the transaction, the insider now owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock worth $34,186,128 over the last three months. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Down 2.8 %

Shares of APO opened at $167.20 on Tuesday. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The stock has a market cap of $94.61 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.36 and a beta of 1.63. The company has a 50-day moving average price of $169.72 and a two-hundred day moving average price of $142.09. 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 Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have weighed in on APO shares. The Goldman Sachs Group boosted their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company decreased their target price on Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price target on Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Citigroup increased their price objective on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley boosted their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.