Orion Portfolio Solutions LLC Has $2.19 Million Position in Apollo Global Management, Inc. (NYSE:APO)

Orion Portfolio Solutions LLC lifted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 3.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,276 shares of the financial services provider’s stock after buying an additional 485 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Apollo Global Management were worth $2,193,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of APO. Bamco Inc. NY lifted its position in Apollo Global Management by 2.9% during the third quarter. Bamco Inc. NY now owns 137,429 shares of the financial services provider’s stock worth $17,166,000 after acquiring an additional 3,813 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in Apollo Global Management by 372.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 20,196 shares of the financial services provider’s stock worth $2,523,000 after purchasing an additional 15,921 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its stake in Apollo Global Management by 142.1% in the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 21,755 shares of the financial services provider’s stock valued at $2,717,000 after purchasing an additional 12,770 shares during the period. Holocene Advisors LP grew its holdings in Apollo Global Management by 530.9% in the 3rd quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider’s stock valued at $50,242,000 after buying an additional 338,472 shares in the last quarter. Finally, Hilltop Holdings Inc. increased its position in Apollo Global Management by 132.6% during the 3rd quarter. Hilltop Holdings Inc. now owns 8,256 shares of the financial services provider’s stock worth $1,031,000 after buying an additional 4,707 shares during the period. Institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling

In other news, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the transaction, the insider now owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. The trade was a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the sale, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on APO shares. Barclays upped their price target on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Wells Fargo & Company lowered their target price on shares of Apollo Global Management from $187.00 to $177.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Morgan Stanley boosted their price target on Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Piper Sandler raised their price objective on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. One equities research 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’s stock. According to data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average target price of $165.21.

Apollo Global Management Price Performance

Shares of APO opened at $138.30 on Wednesday. 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 cap of $78.90 billion, a PE ratio of 18.92, a PEG ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The business has a 50-day simple moving average of $151.25 and a two-hundred day simple moving average of $153.93.

Apollo Global Management Cuts Dividend

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