Apollo Global Management, Inc. (NYSE:APO) Shares Bought by U S Global Investors Inc.

U S Global Investors Inc. increased its stake in Apollo Global Management, Inc. (NYSE:APO) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,345 shares of the financial services provider’s stock after purchasing an additional 245 shares during the quarter. U S Global Investors Inc.’s holdings in Apollo Global Management were worth $1,213,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APO. Byrne Asset Management LLC acquired a new stake in shares of Apollo Global Management in the 4th quarter worth approximately $37,000. Retirement Wealth Solutions LLC acquired a new position in shares of Apollo Global Management during the 4th quarter valued at $39,000. UMB Bank n.a. raised 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 worth $46,000 after buying an additional 228 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of 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 buying an additional 336 shares during the period. Finally, Y.D. More Investments Ltd acquired a new position in Apollo Global Management during the fourth quarter worth about $89,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

NYSE:APO opened at $147.29 on Friday. The firm has a market capitalization of $83.34 billion, a PE ratio of 20.15, a PEG ratio of 1.17 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. The firm’s fifty day simple moving average is $163.83 and its 200 day simple moving average is $148.73.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.4625 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.26%. Apollo Global Management’s payout ratio is 25.31%.

Wall Street Analyst Weigh In

APO has been the subject of several research reports. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. TD Cowen lifted their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Citigroup upped their price target on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their target price on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Evercore ISI increased their price target on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. One investment 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $165.74.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 133,400 shares of the company’s stock in a transaction on 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 in the company, valued at $6,177,694,321.68. This represents a 0.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction that occurred 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 directly owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 201,600 shares of company stock worth $34,977,528 in the last 90 days. 8.50% of the stock is owned by company 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.