Eagle Rock Investment Company LLC raised its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 29.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,077 shares of the financial services provider's stock after acquiring an additional 4,985 shares during the period. Eagle Rock Investment Company LLC's holdings in Apollo Global Management were worth $3,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Chicago Capital LLC grew its stake in shares of Apollo Global Management by 1.2% during the third quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider's stock valued at $709,000 after buying an additional 69 shares during the last quarter. Menard Financial Group LLC boosted its holdings in Apollo Global Management by 1.2% during the 3rd quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider's stock valued at $720,000 after acquiring an additional 71 shares during the period. Cyndeo Wealth Partners LLC grew its position in Apollo Global Management by 3.0% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider's stock valued at $336,000 after acquiring an additional 77 shares during the last quarter. Sfmg LLC increased its stake in Apollo Global Management by 1.1% in the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock worth $902,000 after purchasing an additional 79 shares during the period. Finally, Cigna Investments Inc. New lifted its position 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 during the last quarter. 77.06% of the stock is currently owned by institutional investors.
Apollo Global Management Stock Up 0.5 %
NYSE:APO traded up $0.89 during midday trading on Friday, reaching $166.81. 3,580,328 shares of the stock traded hands, compared to its average volume of 3,568,194. The stock has a market capitalization of $94.38 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.20 and a beta of 1.63. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month 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 business has a 50-day moving average of $169.09 and a two-hundred day moving average of $139.35.
Apollo Global Management Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a dividend of $0.463 per share. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.11%. The ex-dividend date was Monday, November 18th. Apollo Global Management's dividend payout ratio is currently 19.33%.
Analyst Ratings Changes
A number of research firms have recently commented on APO. BMO Capital Markets upped their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. 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 note on Friday, December 20th. JPMorgan Chase & Co. lifted their price target on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Citigroup increased their price objective on Apollo Global Management from $162.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, StockNews.com lowered Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Apollo Global Management currently has a consensus rating of "Moderate Buy" and an average price target of $164.32.
View Our Latest Research Report on Apollo Global Management
Insider Buying and Selling at Apollo Global Management
In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the company'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 transaction of $863,050.00. Following the transaction, the chief financial officer now owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Leon D. Black sold 133,400 shares of Apollo Global Management 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 sale, the insider now owns 35,471,373 shares of the company's stock, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is owned by insiders.
About Apollo Global Management
(
Free Report)
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.
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