Wellington Shields Capital Management LLC Purchases 1,099 Shares of Apollo Global Management, Inc. (NYSE:APO)

Wellington Shields Capital Management LLC lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,323 shares of the financial services provider’s stock after buying an additional 1,099 shares during the period. Apollo Global Management comprises about 0.7% of Wellington Shields Capital Management LLC’s investment portfolio, making the stock its 28th largest holding. Wellington Shields Capital Management LLC’s holdings in Apollo Global Management were worth $8,807,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hopwood Financial Services Inc. bought a new stake in Apollo Global Management in the 4th quarter valued at $33,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Apollo Global Management during the fourth quarter valued at $34,000. Byrne Asset Management LLC acquired a new stake in Apollo Global Management during the 4th quarter valued at approximately $37,000. Retirement Wealth Solutions LLC acquired a new stake in Apollo Global Management during the fourth quarter worth approximately $39,000. Finally, HM Payson & Co. acquired a new position in shares of Apollo Global Management during the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the sale, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.50% of the stock is currently owned by insiders.

Apollo Global Management Stock Down 3.5 %

NYSE APO opened at $130.16 on Friday. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. 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 stock has a market cap of $74.25 billion, a PE ratio of 17.81, a P/E/G ratio of 1.17 and a beta of 1.66. The stock’s 50 day moving average is $157.77 and its 200 day moving average is $150.78.

Apollo Global Management Cuts Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.42%. Apollo Global Management’s payout ratio is 25.31%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on APO. The Goldman Sachs Group upped their price target on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Piper Sandler lifted their price target on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. TD Cowen increased their target price on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Barclays raised their price objective on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $165.74.

Apollo Global Management 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.