RDA Financial Network Acquires New Holdings in Apollo Global Management, Inc. (NYSE:APO)

RDA Financial Network bought a new position in Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,450 shares of the financial services provider’s stock, valued at approximately $239,000.

Several other hedge funds have also modified their holdings of the company. Chicago Capital LLC grew its stake in Apollo Global Management by 1.2% during the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock worth $709,000 after buying an additional 69 shares during the last quarter. Menard Financial Group LLC boosted its holdings in Apollo Global Management by 1.2% in the third quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider’s stock worth $720,000 after acquiring an additional 71 shares in the last quarter. Cyndeo Wealth Partners LLC grew its stake in shares of Apollo Global Management by 3.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 77 shares during the last quarter. Sfmg LLC increased its holdings in shares of Apollo Global Management by 1.1% during the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock valued at $902,000 after acquiring an additional 79 shares in the last quarter. Finally, Cigna Investments Inc. New raised its position in shares of Apollo Global Management by 1.8% in the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock valued at $645,000 after purchasing an additional 90 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APO has been the topic of several research analyst reports. The Goldman Sachs Group boosted their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company dropped their price objective on shares of Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating on the stock in a report on Tuesday. UBS Group upgraded Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods boosted their price target on Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Finally, Piper Sandler increased their price objective on Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $164.32.

Insider Buying and Selling

In other news, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction dated 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 sale, the insider now owns 35,104,773 shares in the company, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the transaction, the chief financial officer now owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is owned by company insiders.

Apollo Global Management Stock Up 0.5 %

APO opened at $166.81 on Friday. The company has a fifty day moving average of $169.18 and a two-hundred day moving average of $139.69. The stock has a market capitalization of $94.38 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.20 and a beta of 1.63. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Increases Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s payout ratio is currently 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.