Beacon Investment Advisory Services Inc. Has $3.45 Million Stake in Apollo Global Management, Inc. (NYSE:APO)

Beacon Investment Advisory Services Inc. decreased its holdings in Apollo Global Management, Inc. (NYSE:APO) by 4.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 20,880 shares of the financial services provider’s stock after selling 875 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Apollo Global Management were worth $3,449,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new position in shares of Apollo Global Management during the third quarter valued at about $35,000. Retirement Wealth Solutions LLC bought a new position in Apollo Global Management during the fourth quarter worth about $39,000. UMB Bank n.a. boosted its holdings 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 worth $46,000 after buying an additional 228 shares during the period. Prospera Private Wealth LLC purchased a new position in Apollo Global Management in the 3rd quarter valued at approximately $80,000. Finally, Truvestments Capital LLC bought a new stake in Apollo Global Management during the 3rd quarter valued at $83,000. Institutional investors own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on APO shares. Citigroup lifted their price target on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their target price on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group increased their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. 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. Finally, UBS Group raised shares of Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.32.

Apollo Global Management Stock Performance

NYSE:APO opened at $168.96 on Thursday. The company has a market capitalization of $95.60 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.36 and a beta of 1.63. The business has a 50 day moving average of $169.39 and a 200 day moving average of $140.85. 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, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.10%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management’s payout ratio is presently 19.33%.

Insider Activity

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the transaction, the chief financial officer now owns 320,564 shares in the company, valued at $55,332,552.04. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 196,600 shares of company stock valued at $34,186,128. Corporate insiders own 8.50% of the company’s stock.

Apollo Global Management Company 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.