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

SeaCrest Wealth Management LLC increased its holdings in Apollo Global Management, Inc. (NYSE:APO) by 1.7% in the 4th quarter, HoldingsChannel reports. The fund owned 6,694 shares of the financial services provider’s stock after purchasing an additional 109 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Apollo Global Management were worth $1,106,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Quantum Financial Advisors LLC purchased a new position in Apollo Global Management in the fourth quarter worth approximately $216,000. AdvisorNet Financial Inc grew its position in Apollo Global Management by 744.1% in the fourth quarter. AdvisorNet Financial Inc now owns 2,009 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 1,771 shares during the period. Miracle Mile Advisors LLC grew its position in Apollo Global Management by 22.2% in the fourth quarter. Miracle Mile Advisors LLC now owns 14,786 shares of the financial services provider’s stock worth $2,442,000 after acquiring an additional 2,685 shares during the period. Sunflower Bank N.A. grew its position in Apollo Global Management by 5.0% in the fourth quarter. Sunflower Bank N.A. now owns 3,131 shares of the financial services provider’s stock worth $517,000 after acquiring an additional 148 shares during the period. Finally, Friedenthal Financial purchased a new position in shares of Apollo Global Management during the fourth quarter worth $760,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management 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 sale, the chief financial officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 disclosure for this sale can be found here. Insiders have sold a total of 196,600 shares of company stock valued at $34,186,128 over the last quarter. 8.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on APO shares. Morgan Stanley raised their price target on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Piper Sandler raised their price target on Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group raised their price target on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. TD Cowen raised their price target on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Wells Fargo & Company cut their price target on Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $164.32.

Apollo Global Management Stock Performance

NYSE APO opened at $165.08 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 52-week low of $94.19 and a 52-week high of $189.49. The business’s 50-day moving average price is $168.94 and its 200 day moving average price is $138.98. The firm has a market cap of $93.40 billion, a P/E ratio of 17.25, a P/E/G ratio of 1.84 and a beta of 1.63.

Apollo Global Management Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

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.