Sunflower Bank N.A. Has $517,000 Stake in Apollo Global Management, Inc. (NYSE:APO)

Sunflower Bank N.A. lifted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,131 shares of the financial services provider’s stock after purchasing an additional 148 shares during the quarter. Sunflower Bank N.A.’s holdings in Apollo Global Management were worth $517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of APO. Private Advisor Group LLC boosted its holdings in shares of Apollo Global Management by 9.1% in the second quarter. Private Advisor Group LLC now owns 10,318 shares of the financial services provider’s stock valued at $1,218,000 after buying an additional 858 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Apollo Global Management by 0.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 87,952 shares of the financial services provider’s stock worth $10,407,000 after purchasing an additional 414 shares during the period. Zions Bancorporation N.A. increased its holdings in Apollo Global Management by 882.0% during the 2nd quarter. Zions Bancorporation N.A. now owns 1,581 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 1,420 shares in the last quarter. Dai ichi Life Insurance Company Ltd raised its stake in shares of Apollo Global Management by 191.2% in the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 10,205 shares of the financial services provider’s stock valued at $1,205,000 after purchasing an additional 6,701 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Apollo Global Management by 150.8% in the second quarter. Parallel Advisors LLC now owns 3,335 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 2,005 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

APO stock traded down $0.64 during midday trading on Monday, reaching $154.75. 3,406,050 shares of the company were exchanged, compared to its average volume of 3,437,186. Apollo Global Management, Inc. has a one year low of $94.19 and a one year high of $189.49. The firm has a market capitalization of $87.56 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 1.84 and a beta of 1.63. The business has a 50-day moving average price of $168.43 and a two-hundred day moving average price of $138.43. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.463 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.20%. Apollo Global Management’s payout ratio is presently 19.33%.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the transaction, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the sale, the insider now owns 35,471,373 shares of the company’s stock, valued at $6,177,694,321.68. This trade represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 196,600 shares of company stock worth $34,186,128. Insiders own 8.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on APO. Evercore ISI increased their price objective on Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a report on Friday, December 20th. JPMorgan Chase & Co. boosted their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Morgan Stanley raised their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company boosted their price target on shares of Apollo Global Management from $164.00 to $197.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average price target of $164.63.

About Apollo Global Management

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.