J.Safra Asset Management Corp Grows Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

J.Safra Asset Management Corp grew its holdings in Apollo Global Management, Inc. (NYSE:APO) by 75.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,134 shares of the financial services provider’s stock after buying an additional 1,352 shares during the period. J.Safra Asset Management Corp’s holdings in Apollo Global Management were worth $522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Triad Wealth Partners LLC purchased a new position in Apollo Global Management in the fourth quarter worth about $345,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Apollo Global Management in the 4th quarter valued at approximately $517,000. Bahl & Gaynor Inc. boosted its holdings in shares of Apollo Global Management by 85.6% in the 4th quarter. Bahl & Gaynor Inc. now owns 496,070 shares of the financial services provider’s stock worth $81,931,000 after purchasing an additional 228,745 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Apollo Global Management by 60.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider’s stock valued at $479,057,000 after purchasing an additional 1,094,464 shares during the last quarter. Finally, State of Michigan Retirement System purchased a new stake in Apollo Global Management during the 4th quarter valued at $20,034,000. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $137.76 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock’s fifty day moving average price is $162.11 and its 200-day moving average price is $150.09. The firm has a market cap of $78.59 billion, a P/E ratio of 18.85, a P/E/G ratio of 1.17 and a beta of 1.63. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is 25.31%.

Analyst Upgrades and Downgrades

Several research analysts have commented on APO shares. The Goldman Sachs Group lifted their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. TD Cowen lifted their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Morgan Stanley raised their price objective on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Finally, BMO Capital Markets upped their target price on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $165.74.

Insider Activity

In related news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management 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 transaction, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at $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 through this link. Company 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.