Retirement Wealth Solutions LLC Makes New $39,000 Investment in Apollo Global Management, Inc. (NYSE:APO)

Retirement Wealth Solutions LLC purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 251 shares of the financial services provider’s stock, valued at approximately $39,000.

A number of other hedge funds have also modified their holdings of APO. Compagnie Lombard Odier SCmA purchased a new position in Apollo Global Management in the third quarter valued at about $35,000. Prospera Private Wealth LLC acquired a new stake in shares of Apollo Global Management during the 3rd quarter valued at about $80,000. Truvestments Capital LLC bought a new stake in shares of Apollo Global Management in the 3rd quarter valued at approximately $83,000. Versant Capital Management Inc raised its position 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 valued at $83,000 after acquiring an additional 336 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in Apollo Global Management by 14.3% in the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 91 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of Apollo Global Management from $168.00 to $196.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Wolfe Research assumed coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 target price on the stock. Wells Fargo & Company reduced their price target on Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating for the company in a research report on Tuesday. TD Cowen increased their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Piper Sandler raised their price objective 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $164.32.

Insider Buying and Selling at Apollo Global Management

In other news, 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 $6,177,694,321.68. This represents a 0.37 % decrease in their ownership of the stock. The transaction 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 Apollo Global Management stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is currently owned by insiders.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $166.81 on Friday. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The firm’s 50-day moving average price is $169.18 and its two-hundred day moving average price is $139.69. 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 stock has a market capitalization of $94.38 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 1.20 and a beta of 1.63.

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 issued a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.11%. 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 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.