Allworth Financial LP Acquires 190 Shares of Apollo Global Management, Inc. (NYSE:APO)

Allworth Financial LP lifted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 26.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 919 shares of the financial services provider’s stock after purchasing an additional 190 shares during the period. Allworth Financial LP’s holdings in Apollo Global Management were worth $155,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in APO. Charles Schwab Investment Management Inc. increased its holdings in Apollo Global Management by 27.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock worth $225,600,000 after acquiring an additional 383,557 shares during the last quarter. Holocene Advisors LP increased its holdings in Apollo Global Management by 530.9% in the 3rd quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider’s stock worth $50,242,000 after acquiring an additional 338,472 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in Apollo Global Management in the 4th quarter worth about $50,601,000. Geode Capital Management LLC increased its holdings in Apollo Global Management by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider’s stock worth $713,230,000 after acquiring an additional 254,268 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC purchased a new stake in Apollo Global Management in the 4th quarter worth about $38,866,000. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Down 4.0 %

Shares of NYSE APO opened at $150.45 on Friday. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month 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. The firm has a market capitalization of $85.12 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.21 and a beta of 1.63. The business has a 50-day moving average of $165.90 and a 200-day moving average of $147.83.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a $0.4625 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.23%. Apollo Global Management’s payout ratio is 25.31%.

Insider Buying and Selling

In related news, insider Leon D. Black sold 58,200 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now owns 35,104,773 shares in the company, valued at $6,086,114,495.01. The trade was a 0.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the sale, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $59,697,517.92. The trade was a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 201,600 shares of company stock worth $34,977,528 in the last quarter. 8.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on APO shares. BMO Capital Markets lifted their price objective on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. UBS Group raised Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. Keefe, Bruyette & Woods reduced their target price on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group lifted their target price 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 equities 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.74.

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.