AdvisorNet Financial Inc Has $332,000 Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

AdvisorNet Financial Inc lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 744.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,009 shares of the financial services provider's stock after acquiring an additional 1,771 shares during the period. AdvisorNet Financial Inc's holdings in Apollo Global Management were worth $332,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new position in shares of Apollo Global Management in the third quarter valued at $35,000. Prospera Private Wealth LLC acquired a new position in Apollo Global Management during the 3rd quarter worth $80,000. Truvestments Capital LLC bought a new position in Apollo Global Management during the third quarter worth $83,000. Versant Capital Management Inc lifted its position in shares of Apollo Global Management by 203.6% in the 4th quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider's stock worth $83,000 after acquiring an additional 336 shares during the period. Finally, Allworth Financial LP raised its position in Apollo Global Management by 14.3% in the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider's stock worth $91,000 after purchasing an additional 91 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on APO shares. Keefe, Bruyette & Woods upped their target price on shares of Apollo Global Management from $168.00 to $196.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. Piper Sandler increased their target price on Apollo Global Management from $188.00 to $202.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. The Goldman Sachs Group boosted 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. Evercore ISI boosted their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Finally, BMO Capital Markets raised their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Apollo Global Management presently has an average rating of "Moderate Buy" and a consensus price target of $164.32.

Apollo Global Management Stock Up 0.5 %

Shares of APO traded up $0.89 during midday trading on Friday, hitting $166.81. The company had a trading volume of 3,579,968 shares, compared to its average volume of 3,566,273. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market capitalization of $94.38 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.20 and a beta of 1.63. The company's 50-day simple moving average is $169.09 and its 200-day simple moving average is $139.35.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a $0.463 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Monday, November 18th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio is 19.33%.

Insider Activity

In other news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the transaction, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leon D. Black sold 58,200 shares of the business's stock in a transaction 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 sale, the insider now directly owns 35,104,773 shares in the company, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 196,600 shares of company stock valued at $34,186,128 over the last 90 days. Insiders own 8.50% of the company's stock.

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.