Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank increased its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 27.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,645 shares of the financial services provider's stock after acquiring an additional 11,411 shares during the period. Toronto Dominion Bank's holdings in Apollo Global Management were worth $6,576,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Chicago Capital LLC increased its position in shares of Apollo Global Management by 1.2% in the third quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider's stock worth $709,000 after acquiring an additional 69 shares in the last quarter. Menard Financial Group LLC increased its holdings in 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 valued at $720,000 after purchasing an additional 71 shares in the last quarter. Cyndeo Wealth Partners LLC raised its position in Apollo Global Management by 3.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider's stock valued at $336,000 after purchasing an additional 77 shares during the period. Cigna Investments Inc. New lifted its stake in shares of Apollo Global Management by 1.8% during the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider's stock worth $645,000 after purchasing an additional 90 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of 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 buying an additional 91 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on APO. BMO Capital Markets raised their target price on Apollo Global Management from $138.00 to $157.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods boosted their target price on shares of Apollo Global Management from $159.00 to $168.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. TD Cowen upped their target price on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, Piper Sandler started coverage on shares of Apollo Global Management in a research report on Tuesday, November 19th. They issued an "overweight" rating and a $188.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Apollo Global Management has an average rating of "Moderate Buy" and an average target price of $160.89.

Insider Buying and Selling

In other Apollo Global Management news, insider Leon D. Black sold 133,400 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the transaction, the insider now owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was 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 directly owns 320,564 shares of the company's stock, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 196,600 shares of company stock valued at $34,186,128 in the last quarter. Company insiders own 8.50% of the company's stock.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock traded up $0.02 on Friday, reaching $176.43. 3,166,777 shares of the company were exchanged, compared to its average volume of 2,838,814. Apollo Global Management, Inc. has a 1-year low of $89.76 and a 1-year high of $189.49. The firm has a market cap of $99.83 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.84 and a beta of 1.63. 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 company's 50-day moving average is $157.91 and its two-hundred day moving average is $131.12.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.463 per share. The ex-dividend date was Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.05%. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio is currently 19.33%.

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.