Zhang Financial LLC Has $3.07 Million Position in Apollo Global Management, Inc. (NYSE:APO)

Zhang Financial LLC lifted its stake in Apollo Global Management, Inc. (NYSE:APO) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,581 shares of the financial services provider’s stock after buying an additional 568 shares during the period. Zhang Financial LLC’s holdings in Apollo Global Management were worth $3,069,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in APO. Retirement Wealth Solutions LLC acquired a new stake in Apollo Global Management during the fourth quarter worth $39,000. UMB Bank n.a. lifted its holdings 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 acquiring an additional 228 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management during the 3rd quarter valued at about $35,000. Versant Capital Management Inc increased its stake in 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 acquiring an additional 336 shares during the period. Finally, ORG Wealth Partners LLC acquired a new position in Apollo Global Management in the fourth quarter worth about $97,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Global Management

In related news, 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 value of $863,050.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leon D. Black sold 58,200 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the completion of the sale, the insider now owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 196,600 shares of company stock worth $34,186,128. Corporate insiders own 8.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on APO shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. UBS Group raised shares of Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. Piper Sandler upped their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Evercore ISI lifted 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. Finally, Keefe, Bruyette & Woods increased their price target on Apollo Global Management from $168.00 to $196.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.32.

Apollo Global Management Stock Up 0.5 %

Shares of APO stock opened at $166.81 on Monday. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a fifty day moving average of $169.18 and a 200-day moving average of $139.96. The company has a market capitalization of $94.38 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 1.20 and a beta of 1.63.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

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.