Retireful LLC Takes $864,000 Position in Apollo Global Management, Inc. (NYSE:APO)

Retireful LLC bought a new position in Apollo Global Management, Inc. (NYSE:APO) during the fourth quarter, Holdings Channel reports. The fund bought 5,232 shares of the financial services provider’s stock, valued at approximately $864,000.

A number of other hedge funds have also modified their holdings of APO. Ritholtz Wealth Management acquired a new position in shares of Apollo Global Management in the 4th quarter valued at $229,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Apollo Global Management in the fourth quarter worth about $704,000. HCR Wealth Advisors acquired a new position in shares of Apollo Global Management in the fourth quarter worth about $204,000. Park Avenue Securities LLC increased its position in shares of Apollo Global Management by 26.2% in the fourth quarter. Park Avenue Securities LLC now owns 4,350 shares of the financial services provider’s stock worth $718,000 after acquiring an additional 903 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Apollo Global Management by 9.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 11,115 shares of the financial services provider’s stock valued at $1,836,000 after acquiring an additional 954 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Trading Up 0.6 %

Shares of NYSE:APO opened at $165.80 on Friday. 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 has a market capitalization of $93.81 billion, a PE ratio of 17.32, a P/E/G ratio of 1.20 and a beta of 1.63. Apollo Global Management, Inc. has a 1 year low of $94.34 and a 1 year high of $189.49. The firm has a fifty day moving average price of $169.09 and a 200 day moving average price of $139.35.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.12%. 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. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

Analyst Ratings Changes

APO has been the subject of a number of recent analyst reports. Citigroup raised their price objective on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. UBS Group upgraded Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. Wolfe Research started coverage on Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price target on the stock. Evercore ISI lifted their target price on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One equities 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.32.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the transaction, the chief financial officer now owns 320,564 shares of the company’s stock, valued at $55,332,552.04. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Leon D. Black sold 58,200 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the sale, the insider now owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is currently owned by insiders.

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.