Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by LGT Group Foundation

LGT Group Foundation grew its position in Apollo Global Management, Inc. (NYSE:APO) by 32.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,640 shares of the financial services provider’s stock after purchasing an additional 640 shares during the period. LGT Group Foundation’s holdings in Apollo Global Management were worth $436,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Apollo Global Management in the fourth quarter valued at about $568,000. Jones Financial Companies Lllp increased its holdings in shares of Apollo Global Management by 177.3% in the fourth quarter. Jones Financial Companies Lllp now owns 9,169 shares of the financial services provider’s stock valued at $1,514,000 after purchasing an additional 5,863 shares during the period. SRS Capital Advisors Inc. increased its holdings in shares of Apollo Global Management by 2.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider’s stock valued at $447,000 after purchasing an additional 71 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Apollo Global Management in the fourth quarter valued at about $34,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Apollo Global Management by 30.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,453 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 567 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the transaction, the chief financial officer now owns 377,164 shares in the company, valued at $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Leon D. Black sold 58,200 shares of the firm’s 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 transaction, the insider now owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. BMO Capital Markets raised their target price on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. The Goldman Sachs Group raised their target price on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their target price on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Morgan Stanley raised their target price on Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Finally, TD Cowen raised their target price on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.74.

Apollo Global Management Stock Performance

NYSE APO opened at $144.55 on Tuesday. The company has a market cap of $82.46 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The stock’s 50 day simple moving average is $162.85 and its 200-day simple moving average is $149.90. 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.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.28%. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

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.