Marest Capital LLC Takes Position in Apollo Global Management, Inc. (NYSE:APO)

Marest Capital LLC acquired a new position in shares of Apollo Global Management, Inc. (NYSE:APO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,268 shares of the financial services provider’s stock, valued at approximately $209,000. Apollo Global Management comprises approximately 0.2% of Marest Capital LLC’s portfolio, making the stock its 20th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management in the third quarter valued at about $35,000. Retirement Wealth Solutions LLC acquired a new stake in Apollo Global Management during the 4th quarter valued at approximately $39,000. UMB Bank n.a. raised its holdings in Apollo Global Management by 447.1% during the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 228 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Apollo Global Management in the 3rd quarter worth approximately $80,000. Finally, Truvestments Capital LLC bought a new stake in Apollo Global Management during the third quarter valued at $83,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insiders Place Their Bets

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of the business’s stock in a transaction on 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. The trade was a 0.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the transaction, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 196,600 shares of company stock valued at $34,186,128. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Up 0.5 %

Shares of NYSE:APO opened at $171.87 on Friday. The company has a market capitalization of $97.25 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 1.36 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 current ratio of 1.44 and a quick ratio of 1.44. The business has a fifty day moving average price of $170.04 and a two-hundred day moving average price of $142.84.

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 issued a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is 19.33%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on APO. StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. UBS Group raised Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Citigroup upped their target price on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Piper Sandler lifted their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, TD Cowen raised their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, December 9th. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.32.

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.