Signaturefd LLC Purchases 1,001 Shares of Apollo Global Management, Inc. (NYSE:APO)

Signaturefd LLC lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 11.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,974 shares of the financial services provider’s stock after purchasing an additional 1,001 shares during the quarter. Signaturefd LLC’s holdings in Apollo Global Management were worth $1,647,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Cibc World Markets Corp lifted its position in Apollo Global Management by 194.5% in the 4th quarter. Cibc World Markets Corp now owns 68,352 shares of the financial services provider’s stock valued at $11,289,000 after acquiring an additional 45,142 shares in the last quarter. Harbour Investments Inc. lifted its position in Apollo Global Management by 154.0% in the 4th quarter. Harbour Investments Inc. now owns 409 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 248 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Apollo Global Management by 8.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 15,687 shares of the financial services provider’s stock valued at $2,591,000 after acquiring an additional 1,274 shares in the last quarter. Diversified Enterprises LLC bought a new stake in Apollo Global Management in the 4th quarter valued at $441,000. Finally, Natixis Advisors LLC lifted its position in Apollo Global Management by 32.3% in the 4th quarter. Natixis Advisors LLC now owns 207,096 shares of the financial services provider’s stock valued at $34,204,000 after acquiring an additional 50,511 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Stock Performance

NYSE APO opened at $138.90 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $79.24 billion, a P/E ratio of 19.00, a P/E/G ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The firm has a 50-day moving average price of $155.75 and a two-hundred day moving average price of $151.50.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on APO shares. Barclays boosted their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Piper Sandler boosted their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Wells Fargo & Company cut their price target on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, TD Cowen boosted their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. One equities 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.74.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the sale, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $59,697,517.92. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 8.50% of the company’s stock.

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.