Mitchell & Pahl Private Wealth LLC Sells 839 Shares of Apollo Global Management, Inc. (NYSE:APO)

Mitchell & Pahl Private Wealth LLC decreased its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,587 shares of the financial services provider’s stock after selling 839 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Apollo Global Management were worth $1,749,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Overbrook Management Corp bought a new position in Apollo Global Management during the 4th quarter valued at approximately $10,589,000. Zhang Financial LLC grew its stake in shares of Apollo Global Management by 3.2% in the fourth quarter. Zhang Financial LLC now owns 18,581 shares of the financial services provider’s stock worth $3,069,000 after acquiring an additional 568 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Apollo Global Management by 167.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 821 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 514 shares in the last quarter. Purus Wealth Management LLC raised its position in shares of Apollo Global Management by 0.7% in the 4th quarter. Purus Wealth Management LLC now owns 25,909 shares of the financial services provider’s stock worth $4,279,000 after purchasing an additional 173 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Apollo Global Management by 447.1% in the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 228 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the 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 completion of the sale, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the transaction, the insider now owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 196,600 shares of company stock worth $34,186,128. Corporate insiders own 8.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on APO shares. Piper Sandler raised their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. TD Cowen upped their price objective on 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 target price on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group upped their price target on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.32.

Apollo Global Management Stock Up 0.5 %

APO opened at $166.81 on Tuesday. The firm’s 50 day simple moving average is $169.19 and its two-hundred day simple moving average is $140.29. The company has a market capitalization of $94.38 billion, a PE ratio of 17.43, a PEG ratio of 1.20 and a beta of 1.63. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.463 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

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.