Triad Wealth Partners LLC Acquires New Stake in Apollo Global Management, Inc. (NYSE:APO)

Triad Wealth Partners LLC acquired a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,090 shares of the financial services provider’s stock, valued at approximately $345,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Apollo Global Management in the fourth quarter worth about $517,000. Bahl & Gaynor Inc. boosted its holdings in shares of Apollo Global Management by 85.6% during the fourth 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. boosted its holdings in shares of Apollo Global Management by 60.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider’s stock worth $479,057,000 after purchasing an additional 1,094,464 shares during the period. State of Michigan Retirement System bought a new stake in shares of Apollo Global Management in the fourth quarter worth about $20,034,000. Finally, Fidelis Capital Partners LLC purchased a new position in Apollo Global Management during the 4th quarter valued at about $224,000. 77.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the company’s 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 sale, the chief financial officer now owns 377,164 shares in the company, valued at $59,697,517.92. This represents a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.50% of the stock is currently owned by corporate insiders.

Apollo Global Management Trading Down 4.7 %

NYSE:APO opened at $137.76 on Wednesday. The stock 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 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 quick ratio of 1.44 and a current ratio of 1.44. The stock has a 50-day simple moving average of $162.11 and a 200-day simple moving average of $150.09.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 dividend yield of 1.34%. Apollo Global Management’s dividend payout ratio (DPR) is currently 25.31%.

Analyst Upgrades and Downgrades

APO has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley raised their target price on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Wells Fargo & Company reduced their price target on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. BMO Capital Markets upped their price target on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and an average price target of $165.74.

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.