Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by World Investment Advisors LLC

World Investment Advisors LLC increased its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,823 shares of the financial services provider’s stock after acquiring an additional 119 shares during the period. World Investment Advisors LLC’s holdings in Apollo Global Management were worth $852,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Apollo Global Management during the second quarter worth $35,000. Compagnie Lombard Odier SCmA purchased a new stake in Apollo Global Management during the 3rd quarter worth about $35,000. Prospera Private Wealth LLC purchased a new stake in Apollo Global Management during the 3rd quarter worth about $80,000. Truvestments Capital LLC purchased a new position in shares of Apollo Global Management in the 3rd quarter valued at about $83,000. Finally, Allworth Financial LP grew its position in shares of Apollo Global Management by 14.3% during the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock worth $91,000 after buying an additional 91 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leon D. Black sold 133,400 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the transaction, the insider now directly owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 196,600 shares of company stock valued at $34,186,128. Company insiders own 8.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Redburn Atlantic started coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. Argus decreased their price objective on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Barclays boosted their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods lifted their price target on Apollo Global Management from $159.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company upped their price objective on Apollo Global Management from $164.00 to $197.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $160.89.

Apollo Global Management Price Performance

Shares of APO opened at $178.16 on Tuesday. The company has a market capitalization of $100.81 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 1.84 and a beta of 1.63. Apollo Global Management, Inc. has a fifty-two week low of $89.76 and a fifty-two week high of $189.49. The firm has a 50-day simple moving average of $158.79 and a 200-day simple moving average of $131.56. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a $0.463 dividend. This is an increase 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 (DPR) is 19.33%.

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.