Apollon Wealth Management LLC Buys 11,077 Shares of Apollo Global Management, Inc. (NYSE:APO)

Apollon Wealth Management LLC increased its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 65.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,126 shares of the financial services provider’s stock after purchasing an additional 11,077 shares during the quarter. Apollon Wealth Management LLC’s holdings in Apollo Global Management were worth $4,645,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APO. Byrne Asset Management LLC bought a new position in shares of Apollo Global Management during the 4th quarter worth approximately $37,000. Joel Isaacson & Co. LLC boosted its position in shares of Apollo Global Management by 3.1% in the 4th quarter. Joel Isaacson & Co. LLC now owns 78,677 shares of the financial services provider’s stock worth $12,994,000 after purchasing an additional 2,357 shares in the last quarter. Shepherd Financial Partners LLC increased its position in Apollo Global Management by 14.9% during the 4th quarter. Shepherd Financial Partners LLC now owns 4,492 shares of the financial services provider’s stock valued at $742,000 after buying an additional 584 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Apollo Global Management in the fourth quarter worth about $937,000. Finally, Ameliora Wealth Management Ltd. grew its stake in shares of Apollo Global Management by 1.0% during the fourth quarter. Ameliora Wealth Management Ltd. now owns 22,611 shares of the financial services provider’s stock worth $3,734,000 after acquiring an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $163.39 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The business has a 50 day simple moving average of $169.13 and a two-hundred day simple moving average of $144.80. The stock has a market capitalization of $92.45 billion, a P/E ratio of 22.35, a PEG ratio of 1.28 and a beta of 1.63. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.4625 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.13%. Apollo Global Management’s dividend payout ratio is presently 25.31%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. BMO Capital Markets lifted their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. UBS Group raised Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. TD Cowen increased their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a report on Monday, December 9th. Evercore ISI upped their target price on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company dropped their price objective on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.00.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the sale, the chief financial officer now owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction on 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 $6,177,694,321.68. This represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 196,600 shares of company stock worth $34,186,128. Insiders own 8.50% of the company’s stock.

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.