Scotia Capital Inc. Has $581,000 Position in Apollo Global Management, Inc. (NYSE:APO)

Scotia Capital Inc. lifted its holdings in Apollo Global Management, Inc. (NYSE:APO) by 26.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,516 shares of the financial services provider’s stock after purchasing an additional 729 shares during the period. Scotia Capital Inc.’s holdings in Apollo Global Management were worth $581,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. TD Cowen reduced their target price on Apollo Global Management from $214.00 to $144.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company cut their price target on shares of Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. BMO Capital Markets upped their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Bank of America lifted their target price on shares of Apollo Global Management from $186.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 4th. Finally, Keefe, Bruyette & Woods decreased their price target on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Insider Transactions at Apollo Global Management

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

Apollo Global Management Stock Down 0.2 %

NYSE:APO opened at $125.72 on Tuesday. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The stock’s fifty day simple moving average is $140.87 and its 200-day simple moving average is $153.65. 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 market capitalization of $71.72 billion, a P/E ratio of 17.20, a P/E/G ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a $0.4625 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.47%. Apollo Global Management’s dividend payout ratio is 25.31%.

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.