Kestra Private Wealth Services LLC Takes $3.99 Million Position in Apollo Global Management, Inc. (NYSE:APO)

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new stake in Apollo Global Management in the third quarter worth about $35,000. Byrne Asset Management LLC acquired a new stake in Apollo Global Management in the fourth quarter worth about $37,000. Retirement Wealth Solutions LLC acquired a new stake in Apollo Global Management in the fourth quarter worth about $39,000. UMB Bank n.a. lifted its holdings in Apollo Global Management by 447.1% in the fourth 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 during the period. Finally, Prospera Private Wealth LLC acquired a new stake in Apollo Global Management in the third quarter worth about $80,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 133,400 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 35,471,373 shares of the company’s stock, valued at $6,177,694,321.68. This trade represents a 0.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 sale, the chief financial officer now directly owns 320,564 shares in the company, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock valued at $34,186,128 in the last three months. Corporate insiders own 8.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on APO. UBS Group raised shares of Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. Wells Fargo & Company reduced their price objective on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Keefe, Bruyette & Woods dropped their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Barclays boosted their price target on shares of 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, Citigroup boosted 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 report on Wednesday, November 6th. One 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.00.

Apollo Global Management Stock Down 0.8 %

Shares of Apollo Global Management stock opened at $162.08 on Tuesday. The stock has a 50-day moving average price of $168.93 and a 200 day moving average price of $145.25. The company has a market cap of $91.71 billion, a P/E ratio of 22.17, a P/E/G ratio of 1.28 and a beta of 1.63. 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 1 year low of $95.11 and a 1 year high of $189.49.

Apollo Global Management Cuts Dividend

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

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.