Myriad Asset Management US LP Takes Position in Apollo Global Management, Inc. (NYSE:APO)

Myriad Asset Management US LP bought a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,248 shares of the financial services provider’s stock, valued at approximately $2,188,000. Apollo Global Management makes up about 1.5% of Myriad Asset Management US LP’s investment portfolio, making the stock its 15th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Byrne Asset Management LLC purchased a new stake in Apollo Global Management during the fourth quarter worth about $37,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at approximately $39,000. UMB Bank n.a. boosted its holdings in shares of Apollo Global Management by 447.1% in the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 228 shares during the period. Prospera Private Wealth LLC acquired a new stake in shares of Apollo Global Management in the third quarter valued at approximately $80,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Apollo Global Management during the third quarter worth $83,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

APO has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Evercore ISI boosted their price target on Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods lowered their price target on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, Wells Fargo & Company lowered their price objective on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. 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 company’s stock. According to MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.74.

Apollo Global Management Trading Up 3.2 %

Shares of NYSE:APO opened at $162.95 on Friday. The company has a market capitalization of $92.20 billion, a P/E ratio of 22.29, a P/E/G ratio of 1.28 and a beta of 1.63. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The business’s 50 day simple moving average is $167.64 and its 200 day simple moving average is $145.96.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Insider Buying and Selling at Apollo Global Management

In other news, insider Leon D. Black sold 133,400 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This represents a 0.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the transaction, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 201,600 shares of company stock valued at $34,977,528. 8.50% of the stock is currently owned by corporate insiders.

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.