Brookstone Capital Management bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,669 shares of the financial services provider’s stock, valued at approximately $441,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Chicago Capital LLC raised its stake in Apollo Global Management by 1.2% during the third quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock valued at $709,000 after purchasing an additional 69 shares in the last quarter. Menard Financial Group LLC increased its holdings in shares of Apollo Global Management by 1.2% in the 3rd quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider’s stock worth $720,000 after buying an additional 71 shares during the last quarter. Cyndeo Wealth Partners LLC raised its position in shares of Apollo Global Management by 3.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock valued at $336,000 after buying an additional 77 shares in the last quarter. Sfmg LLC lifted its holdings in shares of Apollo Global Management by 1.1% in the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock valued at $902,000 after acquiring an additional 79 shares during the last quarter. Finally, Cigna Investments Inc. New grew its position in Apollo Global Management by 1.8% in the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock worth $645,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.
Apollo Global Management Stock Up 0.5 %
Shares of NYSE:APO opened at $166.81 on Friday. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. 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 business has a fifty day moving average of $169.18 and a two-hundred day moving average of $139.69. The stock has a market cap of $94.38 billion, a P/E ratio of 17.43, a PEG ratio of 1.20 and a beta of 1.63.
Apollo Global Management Increases Dividend
Insider Transactions at Apollo Global Management
In other news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction that occurred 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 completion of the transaction, the insider now owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of analysts recently issued reports on APO shares. UBS Group upgraded Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Citigroup lifted their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Morgan Stanley upped their price target on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Wells Fargo & Company decreased their price objective on shares of Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, TD Cowen upped their target price on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.32.
Read Our Latest Analysis on Apollo Global Management
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.
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