BBR Partners LLC Has $2.65 Million Position in Apollo Global Management, Inc. (NYSE:APO)

BBR Partners LLC raised its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 118.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,015 shares of the financial services provider's stock after buying an additional 8,689 shares during the quarter. BBR Partners LLC's holdings in Apollo Global Management were worth $2,645,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of APO. Van ECK Associates Corp grew its position in shares of Apollo Global Management by 10.1% during the 3rd quarter. Van ECK Associates Corp now owns 79,943 shares of the financial services provider's stock worth $9,986,000 after buying an additional 7,328 shares during the period. QRG Capital Management Inc. grew its position in shares of Apollo Global Management by 6.7% during the 3rd quarter. QRG Capital Management Inc. now owns 25,147 shares of the financial services provider's stock worth $3,141,000 after buying an additional 1,585 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of Apollo Global Management by 1.8% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 19,323 shares of the financial services provider's stock worth $2,414,000 after buying an additional 337 shares during the period. Blake Schutter Theil Wealth Advisors LLC acquired a new position in shares of Apollo Global Management during the 3rd quarter worth about $248,000. Finally, Jackson Square Capital LLC acquired a new position in shares of Apollo Global Management during the 3rd quarter worth about $280,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company'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 transaction of $791,400.00. Following the sale, the chief financial officer now owns 377,164 shares in the company, valued at $59,697,517.92. This represents a 1.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 8.50% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on APO shares. Barclays lifted their price objective on Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, December 9th. The Goldman Sachs Group lifted their price objective on Apollo Global Management from $161.00 to $178.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods cut their price objective on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. StockNews.com cut Apollo Global Management from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. Finally, UBS Group upgraded Apollo Global Management to a "hold" rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.74.

Apollo Global Management Stock Down 1.6 %

Shares of Apollo Global Management stock traded down $2.15 on Friday, reaching $132.63. 5,946,544 shares of the company were exchanged, compared to its average volume of 3,555,060. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The company has a market capitalization of $75.66 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.17 and a beta of 1.66. 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 company has a 50-day moving average of $159.88 and a 200 day moving average of $150.35.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was 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.