Insigneo Advisory Services LLC Takes Position in Apollo Global Management, Inc. (NYSE:APO)

Insigneo Advisory Services LLC acquired a new position in Apollo Global Management, Inc. (NYSE:APO) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,530 shares of the financial services provider’s stock, valued at approximately $316,000.

Several other large investors have also recently bought and sold shares of APO. Partners Group Holding AG raised its position in shares of Apollo Global Management by 26.5% during the third quarter. Partners Group Holding AG now owns 775,727 shares of the financial services provider’s stock worth $96,896,000 after acquiring an additional 162,678 shares during the last quarter. Swedbank AB increased its position in Apollo Global Management by 50.9% in the third quarter. Swedbank AB now owns 77,938 shares of the financial services provider’s stock worth $9,735,000 after purchasing an additional 26,300 shares during the period. Advisors Asset Management Inc. raised its holdings in Apollo Global Management by 34.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 19,441 shares of the financial services provider’s stock worth $2,428,000 after purchasing an additional 4,941 shares during the last quarter. Swiss National Bank lifted its position in Apollo Global Management by 0.4% during the 3rd quarter. Swiss National Bank now owns 1,182,214 shares of the financial services provider’s stock valued at $147,670,000 after purchasing an additional 4,600 shares during the period. Finally, MSA Advisors LLC boosted its stake in shares of Apollo Global Management by 8.2% in the 3rd quarter. MSA Advisors LLC now owns 876,702 shares of the financial services provider’s stock valued at $109,509,000 after purchasing an additional 66,600 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price target on shares of Apollo Global Management from $148.00 to $174.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Evercore ISI upped their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. TD Cowen lifted their price objective on Apollo Global Management from $165.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price objective on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets raised their target price on Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $155.05.

Insider Buying and Selling

In related news, insider Leon D. Black sold 58,200 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the transaction, the insider now owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the business’s 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 sale, the chief financial officer now directly owns 320,564 shares in the company, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $177.85 on Monday. The company has a fifty day moving average price of $153.46 and a 200 day moving average price of $128.97. The firm has a market cap of $100.63 billion, a PE ratio of 18.58, a PEG ratio of 1.80 and a beta of 1.63. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 1-year low of $89.45 and a 1-year high of $178.75.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.463 per share. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio is currently 19.33%.

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.