Chicago Partners Investment Group LLC Grows Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Chicago Partners Investment Group LLC boosted its position in Apollo Global Management, Inc. (NYSE:APO) by 1,045.2% during the fourth quarter, HoldingsChannel reports. The fund owned 38,044 shares of the financial services provider’s stock after buying an additional 34,722 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Apollo Global Management were worth $6,162,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA bought a new stake in Apollo Global Management during the 3rd quarter valued at $35,000. Retirement Wealth Solutions LLC purchased a new stake in Apollo Global Management during the 4th quarter worth about $39,000. UMB Bank n.a. boosted its stake in Apollo Global Management by 447.1% in 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 period. Prospera Private Wealth LLC bought a new stake in shares of Apollo Global Management during the third quarter valued at about $80,000. Finally, Truvestments Capital LLC bought a new position in shares of Apollo Global Management in the third quarter valued at approximately $83,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the business’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 value of $863,050.00. Following the transaction, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Leon D. Black sold 133,400 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the sale, the insider now directly owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on APO. Piper Sandler upped their target price on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Wells Fargo & Company decreased their target price on Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Evercore ISI lifted their price target on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Morgan Stanley upped their price objective on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group lifted their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One equities 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.32.

Apollo Global Management Price Performance

Shares of APO opened at $171.00 on Friday. The firm has a market cap of $96.75 billion, a PE ratio of 17.87, a P/E/G ratio of 1.37 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 current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $170.11 and a two-hundred day simple moving average of $143.18.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a $0.463 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Monday, November 18th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is 19.33%.

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.