Union Bancaire Privee UBP SA Takes $216,000 Position in Apollo Global Management, Inc. (NYSE:APO)

Union Bancaire Privee UBP SA bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,430 shares of the financial services provider’s stock, valued at approximately $216,000.

A number of other institutional investors have also recently added to or reduced their stakes in APO. Capital Asset Advisory Services LLC acquired a new position in shares of Apollo Global Management during the fourth quarter worth $205,000. Blue Trust Inc. raised its position in Apollo Global Management by 29.6% during the 4th quarter. Blue Trust Inc. now owns 4,156 shares of the financial services provider’s stock worth $686,000 after purchasing an additional 948 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in Apollo Global Management by 98.6% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 5,421 shares of the financial services provider’s stock worth $895,000 after buying an additional 2,691 shares during the period. Flagship Harbor Advisors LLC grew its position in shares of Apollo Global Management by 6.3% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,035 shares of the financial services provider’s stock valued at $336,000 after buying an additional 120 shares during the last quarter. Finally, AM Investment Strategies LLC increased its stake in shares of Apollo Global Management by 0.3% in the fourth quarter. AM Investment Strategies LLC now owns 56,638 shares of the financial services provider’s stock valued at $9,354,000 after buying an additional 189 shares during the period. 77.06% of the stock is owned by institutional investors.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company’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 sale, the chief financial officer now owns 320,564 shares in the company, valued at $55,332,552.04. This represents a 1.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the transaction, the insider now 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Stock Performance

Shares of APO stock opened at $171.18 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $169.91 and a two-hundred day simple moving average of $142.64. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The firm has a market capitalization of $96.86 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.36 and a beta of 1.63.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.08%. 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 is currently 19.33%.

Analysts Set New Price Targets

A number of research firms recently commented on APO. Morgan Stanley lifted their price objective on Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. The Goldman Sachs Group upped their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Piper Sandler upped their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Citigroup lifted their price objective on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $164.32.

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.