Apollo Global Management, Inc. (NYSE:APO) is Tealwood Asset Management Inc.’s 7th Largest Position

Tealwood Asset Management Inc. lessened its holdings in Apollo Global Management, Inc. (NYSE:APO) by 0.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,880 shares of the financial services provider’s stock after selling 172 shares during the period. Apollo Global Management comprises approximately 1.4% of Tealwood Asset Management Inc.’s holdings, making the stock its 7th biggest position. Tealwood Asset Management Inc.’s holdings in Apollo Global Management were worth $3,448,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc grew its holdings in Apollo Global Management by 744.1% during the fourth quarter. AdvisorNet Financial Inc now owns 2,009 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 1,771 shares during the period. Miracle Mile Advisors LLC lifted its position in shares of Apollo Global Management by 22.2% during the 4th quarter. Miracle Mile Advisors LLC now owns 14,786 shares of the financial services provider’s stock valued at $2,442,000 after buying an additional 2,685 shares in the last quarter. Sunflower Bank N.A. grew its stake in shares of Apollo Global Management by 5.0% during the 4th quarter. Sunflower Bank N.A. now owns 3,131 shares of the financial services provider’s stock valued at $517,000 after acquiring an additional 148 shares during the period. Friedenthal Financial purchased a new stake in Apollo Global Management in the 4th quarter worth approximately $760,000. Finally, Cooper Financial Group raised its stake in Apollo Global Management by 10.4% during the 4th quarter. Cooper Financial Group now owns 6,277 shares of the financial services provider’s stock worth $1,037,000 after acquiring an additional 592 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $154.75 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. Apollo Global Management, Inc. has a twelve month low of $94.19 and a twelve month high of $189.49. The company’s 50-day moving average price is $168.74 and its 200-day moving average price is $138.69. The company has a market cap of $87.56 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.84 and a beta of 1.63.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a dividend of $0.463 per share. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a yield of 1.20%. Apollo Global Management’s dividend payout ratio is 19.33%.

Insider Activity

In other news, insider Leon D. Black sold 133,400 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the sale, the insider now owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the transaction, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock valued at $34,186,128 in the last ninety days. Insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on APO. Wolfe Research assumed coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price target for the company. BMO Capital Markets upped their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods raised their price target on Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a report on Friday, December 20th. The Goldman Sachs Group upped their price objective on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, UBS Group raised Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.63.

About Apollo Global Management

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.