Kingswood Wealth Advisors LLC Buys 2,691 Shares of Apollo Global Management, Inc. (NYSE:APO)

Kingswood Wealth Advisors LLC raised its stake in Apollo Global Management, Inc. (NYSE:APO) by 98.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,421 shares of the financial services provider’s stock after purchasing an additional 2,691 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Apollo Global Management were worth $895,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA bought a new position in shares of Apollo Global Management in the 3rd quarter worth $35,000. Retirement Wealth Solutions LLC bought a new position in shares of Apollo Global Management in the 4th quarter worth $39,000. UMB Bank n.a. boosted its stake in shares of 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 valued at $46,000 after purchasing an additional 228 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Apollo Global Management in the 3rd quarter valued at $80,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Apollo Global Management in the 3rd quarter valued at $83,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Up 1.3 %

Shares of APO opened at $169.46 on Wednesday. The firm’s 50-day moving average price is $169.74 and its 200-day moving average price is $142.44. The firm has a market capitalization of $95.88 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.36 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 $95.11 and a 1-year high of $189.49.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors 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 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is 19.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APO. Wells Fargo & Company cut their price objective on shares of Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. BMO Capital Markets upped their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. upped their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Barclays increased their price target on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, The Goldman Sachs Group increased their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.32.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the transaction, the insider now directly owns 35,471,373 shares of the company’s stock, valued at $6,177,694,321.68. This trade represents a 0.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the transaction, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 196,600 shares of company stock valued at $34,186,128 in the last three months. Company insiders own 8.50% of the company’s stock.

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.