Cooper Financial Group Increases Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Cooper Financial Group grew its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,277 shares of the financial services provider’s stock after purchasing an additional 592 shares during the period. Cooper Financial Group’s holdings in Apollo Global Management were worth $1,037,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Compagnie Lombard Odier SCmA acquired a new stake in Apollo Global Management during the 3rd quarter worth approximately $35,000. Prospera Private Wealth LLC purchased a new stake in shares of Apollo Global Management during the third quarter worth $80,000. Truvestments Capital LLC acquired a new stake in shares of Apollo Global Management in the third quarter valued at $83,000. Versant Capital Management Inc boosted its holdings in Apollo Global Management by 203.6% in the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 336 shares during the period. Finally, Allworth Financial LP grew its stake in Apollo Global Management by 14.3% during the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $154.75 on Tuesday. The firm’s fifty day simple moving average is $168.74 and its 200-day simple moving average is $138.69. Apollo Global Management, Inc. has a 12 month low of $94.19 and a 12 month high of $189.49. The stock has a market capitalization of $87.56 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.84 and a beta of 1.63. 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 Increases Dividend

The firm also recently announced 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 1.20%. This is a boost 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 dividend payout ratio is presently 19.33%.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Leon D. Black sold 133,400 shares of the business’s 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 owns 35,471,373 shares in the company, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 196,600 shares of company stock worth $34,186,128. Company insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

APO has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Wolfe Research started coverage on shares of Apollo Global Management in a report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 target price on the stock. Wells Fargo & Company boosted their price target on shares of Apollo Global Management from $164.00 to $197.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Keefe, Bruyette & Woods raised their price objective on shares of Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, Citigroup boosted their target price on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.63.

Apollo Global Management 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.