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

TFB Advisors LLC increased its holdings in Apollo Global Management, Inc. (NYSE:APO) by 0.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,199 shares of the financial services provider’s stock after buying an additional 171 shares during the period. Apollo Global Management comprises approximately 0.9% of TFB Advisors LLC’s holdings, making the stock its 20th biggest position. TFB Advisors LLC’s holdings in Apollo Global Management were worth $3,171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of APO. Byrne Asset Management LLC acquired a new position in Apollo Global Management during the 4th quarter valued at about $37,000. Retirement Wealth Solutions LLC bought a new stake in shares of Apollo Global Management during the 4th quarter worth about $39,000. UMB Bank n.a. raised its position in shares of Apollo Global Management by 447.1% during the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock worth $46,000 after buying an additional 228 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Apollo Global Management during the 3rd quarter worth about $80,000. Finally, Truvestments Capital LLC bought a new stake in shares of Apollo Global Management during the 3rd quarter worth about $83,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Down 2.5 %

Apollo Global Management stock opened at $158.11 on Wednesday. The firm has a market cap of $89.46 billion, a PE ratio of 21.63, a P/E/G ratio of 1.28 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The firm’s 50 day moving average price is $168.63 and its two-hundred day moving average price is $145.50. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.4625 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.17%. Apollo Global Management’s dividend payout ratio (DPR) is 25.31%.

Insider Transactions at Apollo Global Management

In related news, insider Leon D. Black sold 133,400 shares of the firm’s 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 transaction, the insider now directly owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 320,564 shares in the company, valued at $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 196,600 shares of company stock worth $34,186,128 in the last 90 days. 8.50% of the stock is owned by insiders.

Analysts Set New Price Targets

APO has been the topic of a number of recent analyst reports. Piper Sandler boosted their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. TD Cowen increased their target price on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Citigroup increased their target price on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. BMO Capital Markets increased their target price 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. Finally, Evercore ISI increased 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 note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $165.74.

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.