Cerity Partners LLC Purchases 4,193 Shares of Apollo Global Management, Inc. (NYSE:APO)

Cerity Partners 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 13F filing with the SEC. The firm owned 200,915 shares of the financial services provider’s stock after acquiring an additional 4,193 shares during the quarter. Cerity Partners LLC’s holdings in Apollo Global Management were worth $32,839,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC bought a new position in Apollo Global Management during the fourth quarter worth about $3,994,000. Fortress Financial Solutions LLC bought a new position in Apollo Global Management in the 4th quarter worth approximately $685,000. Leavell Investment Management Inc. grew its stake in Apollo Global Management by 39.8% in the 4th quarter. Leavell Investment Management Inc. now owns 6,150 shares of the financial services provider’s stock valued at $1,016,000 after buying an additional 1,750 shares in the last quarter. Amundi raised its holdings in Apollo Global Management by 13.2% during the 4th quarter. Amundi now owns 801,260 shares of the financial services provider’s stock valued at $129,788,000 after acquiring an additional 93,451 shares during the period. Finally, State of Michigan Retirement System purchased a new stake in shares of Apollo Global Management during the fourth quarter worth $20,034,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Down 2.1 %

Shares of APO opened at $110.06 on Wednesday. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a 50 day simple moving average of $144.98 and a two-hundred day simple moving average of $153.60. The firm has a market cap of $62.78 billion, a P/E ratio of 15.06, a P/E/G ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.68%. Apollo Global Management’s dividend payout ratio (DPR) is 25.31%.

Insider Buying and Selling

In related news, insider Lb 2018 Gst Trust acquired 607,725 shares of the firm’s stock in a transaction dated Friday, April 4th. The shares were purchased at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the acquisition, the insider now owns 621,754 shares in the company, valued at approximately $69,257,178.06. This represents a 4,331.92 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the sale, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays reduced their price target on Apollo Global Management from $196.00 to $145.00 and set an “overweight” rating for the company in a research report on Monday. Morgan Stanley increased their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. BMO Capital Markets boosted their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods lowered their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Finally, Bank of America boosted their price target on shares of Apollo Global Management from $186.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $161.68.

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.