HM Payson & Co. Takes $45,000 Position in Apollo Global Management, Inc. (NYSE:APO)

HM Payson & Co. bought a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 271 shares of the financial services provider’s stock, valued at approximately $45,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management in the fourth quarter worth $34,000. Byrne Asset Management LLC bought a new stake in Apollo Global Management in the fourth quarter worth $37,000. Retirement Wealth Solutions LLC bought a new stake in Apollo Global Management in the fourth quarter worth $39,000. UMB Bank n.a. lifted its position in Apollo Global Management by 447.1% in the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock worth $46,000 after buying an additional 228 shares during the last quarter. Finally, WR Wealth Planners LLC lifted its position in Apollo Global Management by 25.3% in the fourth quarter. WR Wealth Planners LLC now owns 455 shares of the financial services provider’s stock worth $75,000 after buying an additional 92 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the sale, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This trade represents a 1.31 % 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. 8.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on APO. Barclays raised their price target on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods reduced their target price on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley increased their target price on Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. UBS Group upgraded Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Finally, TD Cowen increased their target price on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. 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’s stock. Based on data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $165.74.

Apollo Global Management Price Performance

Shares of APO stock opened at $125.99 on Tuesday. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The stock’s 50-day moving average is $159.07 and its 200 day moving average is $150.76. The company has a market cap of $71.88 billion, a P/E ratio of 17.24, a PEG ratio of 1.17 and a beta of 1.66. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s payout ratio is currently 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.