Ashton Thomas Private Wealth LLC Purchases Shares of 1,529 Apollo Global Management, Inc. (NYSE:APO)

Ashton Thomas Private Wealth LLC bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,529 shares of the financial services provider’s stock, valued at approximately $253,000.

Several other hedge funds have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in Apollo Global Management in the 4th quarter valued at about $34,000. Byrne Asset Management LLC purchased a new position in shares of Apollo Global Management during the 4th quarter worth approximately $37,000. Retirement Wealth Solutions LLC purchased a new position in Apollo Global Management in the 4th quarter valued at approximately $39,000. UMB Bank n.a. boosted its position in Apollo Global Management by 447.1% in the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after buying an additional 228 shares during the period. Finally, WR Wealth Planners LLC boosted its position in Apollo Global Management by 25.3% in the 4th quarter. WR Wealth Planners LLC now owns 455 shares of the financial services provider’s stock valued at $75,000 after buying an additional 92 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

Shares of APO opened at $130.55 on Wednesday. The stock has a market capitalization of $74.48 billion, a P/E ratio of 17.86, a P/E/G ratio of 1.17 and a beta of 1.66. 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 twelve month low of $95.11 and a twelve month high of $189.49. The company has a 50 day moving average of $158.38 and a 200-day moving average of $150.89.

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 issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Wall Street Analyst Weigh In

Several brokerages recently commented on APO. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. TD Cowen boosted their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods cut their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group lifted 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. Finally, StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have issued 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 an average target price of $165.74.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 5,000 shares of the business’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 directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.50% of the stock is owned by company insiders.

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.