SRS Capital Advisors Inc. Purchases 71 Shares of Apollo Global Management, Inc. (NYSE:APO)

SRS Capital Advisors Inc. increased its position in Apollo Global Management, Inc. (NYSE:APO) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,704 shares of the financial services provider’s stock after acquiring an additional 71 shares during the period. SRS Capital Advisors Inc.’s holdings in Apollo Global Management were worth $447,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management during the fourth quarter valued at about $34,000. Byrne Asset Management LLC bought a new stake in Apollo Global Management during the fourth quarter valued at about $37,000. Retirement Wealth Solutions LLC bought a new stake in Apollo Global Management during the fourth quarter valued at about $39,000. UMB Bank n.a. grew its holdings in Apollo Global Management by 447.1% during the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 228 shares during the period. Finally, WR Wealth Planners LLC grew its holdings in Apollo Global Management by 25.3% during the fourth quarter. WR Wealth Planners LLC now owns 455 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 92 shares during the period. Institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the transaction, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leon D. Black sold 58,200 shares of the stock in a transaction that occurred on 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 directly 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 position. The disclosure for this sale can be found here. 8.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on APO. TD Cowen boosted their price target on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft boosted their price target on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. BMO Capital Markets boosted their price target on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Finally, 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and an average price target of $165.74.

Apollo Global Management Trading Down 3.2 %

Shares of APO stock opened at $144.55 on Tuesday. The company has a market cap of $82.46 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The stock’s 50 day simple moving average is $162.85 and its two-hundred day simple moving average is $149.90. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.4625 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.28%. Apollo Global Management’s dividend payout ratio (DPR) is currently 25.31%.

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.