Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 10.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,768 shares of the financial services provider’s stock after buying an additional 260 shares during the quarter. GAMMA Investing LLC’s holdings in Apollo Global Management were worth $457,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA acquired a new position in Apollo Global Management in the third quarter worth $35,000. Cullen Frost Bankers Inc. acquired a new position in Apollo Global Management in the second quarter valued at approximately $35,000. Versant Capital Management Inc grew its holdings in shares of Apollo Global Management by 203.6% during the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 336 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Apollo Global Management during the 3rd quarter worth approximately $80,000. Finally, Truvestments Capital LLC bought a new stake in shares of Apollo Global Management in the 3rd quarter worth approximately $83,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of NYSE APO opened at $169.06 on Monday. Apollo Global Management, Inc. has a 52-week low of $92.93 and a 52-week high of $189.49. The stock has a market capitalization of $95.66 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.84 and a beta of 1.63. 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 stock’s fifty day simple moving average is $166.64 and its 200 day simple moving average is $136.89.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s payout ratio is presently 19.33%.

Insider Buying and Selling at Apollo Global Management

In other news, insider Leon D. Black sold 133,400 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the sale, the insider now owns 35,471,373 shares in the company, valued at $6,177,694,321.68. This represents a 0.37 % 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, 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 transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on APO. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Evercore ISI lifted their price target on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Wells Fargo & Company raised their target price on Apollo Global Management from $164.00 to $197.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Barclays boosted their price target on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $164.63.

About Apollo Global Management

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.