24,182 Shares in Apollo Global Management, Inc. (NYSE:APO) Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC bought a new position in Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,182 shares of the financial services provider’s stock, valued at approximately $3,994,000.

Several other hedge funds have also modified their holdings of APO. SG Americas Securities LLC acquired a new stake in shares of Apollo Global Management in the third quarter worth approximately $543,000. Exchange Traded Concepts LLC lifted its position in Apollo Global Management by 140.1% during the third quarter. Exchange Traded Concepts LLC now owns 10,725 shares of the financial services provider’s stock valued at $1,340,000 after buying an additional 6,259 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in Apollo Global Management during the third quarter valued at approximately $35,000. Capricorn Fund Managers Ltd lifted its position in Apollo Global Management by 29.3% during the third quarter. Capricorn Fund Managers Ltd now owns 9,105 shares of the financial services provider’s stock valued at $1,137,000 after buying an additional 2,065 shares in the last quarter. Finally, Creative Planning lifted its position in Apollo Global Management by 5.9% during the third quarter. Creative Planning now owns 41,784 shares of the financial services provider’s stock valued at $5,219,000 after buying an additional 2,316 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction 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. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Leon D. Black sold 58,200 shares of the business’s 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 sale, the insider now owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 196,600 shares of company stock worth $34,186,128 over the last 90 days. Insiders own 8.50% of the company’s stock.

Analyst Upgrades and Downgrades

APO has been the topic of a number of recent research reports. TD Cowen lifted their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Citigroup lifted their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Piper Sandler lifted 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. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods dropped their price objective 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.00.

Apollo Global Management Stock Down 0.8 %

Shares of NYSE:APO opened at $162.08 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The company has a fifty day simple moving average of $168.93 and a 200 day simple moving average of $145.25. The firm has a market cap of $91.71 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.28 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.4625 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.14%. Apollo Global Management’s payout ratio is 25.31%.

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.