Smartleaf Asset Management LLC Has $408,000 Position in Apollo Global Management, Inc. (NYSE:APO)

Smartleaf Asset Management LLC grew its position in Apollo Global Management, Inc. (NYSE:APO) by 30.1% during the 4th quarter, Holdings Channel reports. The firm owned 2,453 shares of the financial services provider’s stock after purchasing an additional 567 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Apollo Global Management were worth $408,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Levin Capital Strategies L.P. boosted its position in Apollo Global Management by 31.1% in the fourth quarter. Levin Capital Strategies L.P. now owns 61,081 shares of the financial services provider’s stock valued at $10,088,000 after buying an additional 14,492 shares in the last quarter. Metis Global Partners LLC raised its stake in shares of Apollo Global Management by 93.0% in the fourth quarter. Metis Global Partners LLC now owns 19,657 shares of the financial services provider’s stock valued at $3,247,000 after acquiring an additional 9,471 shares during the last quarter. Williamson Legacy Group LLC boosted its holdings in shares of Apollo Global Management by 25.0% in the 4th quarter. Williamson Legacy Group LLC now owns 10,646 shares of the financial services provider’s stock worth $1,758,000 after acquiring an additional 2,131 shares in the last quarter. Fisher Asset Management LLC grew its position in Apollo Global Management by 9.8% during the 4th quarter. Fisher Asset Management LLC now owns 1,889 shares of the financial services provider’s stock worth $312,000 after acquiring an additional 168 shares during the last quarter. Finally, WR Wealth Planners LLC increased its holdings in Apollo Global Management by 25.3% during the 4th quarter. WR Wealth Planners LLC now owns 455 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on APO. The Goldman Sachs Group boosted their price objective on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Evercore ISI raised their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. 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. Finally, Morgan Stanley increased their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, four have assigned 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 target price of $165.74.

Apollo Global Management Price Performance

Shares of APO opened at $137.76 on Wednesday. The stock has a market cap of $78.59 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 1.17 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 stock’s 50-day moving average price is $162.11 and its two-hundred day moving average price is $150.09. 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 Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s payout ratio is 25.31%.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 8.50% of the company’s stock.

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.