Perigon Wealth Management LLC Raises Holdings in Apollo Global Management, Inc. (NYSE:APO)

Perigon Wealth Management LLC increased its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,159 shares of the financial services provider’s stock after buying an additional 155 shares during the period. Perigon Wealth Management LLC’s holdings in Apollo Global Management were worth $856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in APO. Retirement Wealth Solutions LLC purchased a new position in Apollo Global Management during the 4th quarter valued at about $39,000. UMB Bank n.a. increased 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 buying an additional 228 shares during the period. Compagnie Lombard Odier SCmA bought a new position in Apollo Global Management in the third quarter worth approximately $35,000. Versant Capital Management Inc lifted its holdings in Apollo Global Management by 203.6% during the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock worth $83,000 after buying an additional 336 shares during the period. Finally, ORG Wealth Partners LLC bought a new stake in Apollo Global Management during the 4th quarter valued at $97,000. 77.06% of the stock is currently owned by institutional investors.

Insider Activity at Apollo Global Management

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on APO. Evercore ISI upped their price objective on Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Piper Sandler lifted their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Citigroup raised their target price on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, TD Cowen lifted their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and an average price target of $164.32.

Apollo Global Management Trading Up 0.5 %

Shares of Apollo Global Management stock opened at $171.87 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. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The firm has a market capitalization of $97.25 billion, a PE ratio of 17.96, a P/E/G ratio of 1.36 and a beta of 1.63. The firm’s 50-day moving average price is $170.04 and its 200 day moving average price is $142.84.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.08%. This is a boost 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 payout ratio is presently 19.33%.

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.