2,669 Shares in Apollo Global Management, Inc. (NYSE:APO) Acquired by Brookstone Capital Management

Brookstone Capital Management bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,669 shares of the financial services provider's stock, valued at approximately $441,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APO. Massachusetts Financial Services Co. MA bought a new stake in Apollo Global Management during the second quarter worth $62,972,000. Marshall Wace LLP lifted its stake in Apollo Global Management by 74.5% during the second quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider's stock worth $112,836,000 after purchasing an additional 408,105 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Apollo Global Management by 27.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider's stock worth $225,600,000 after purchasing an additional 383,557 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Apollo Global Management by 12,086.7% during the third quarter. International Assets Investment Management LLC now owns 370,233 shares of the financial services provider's stock worth $462,460,000 after purchasing an additional 367,195 shares during the last quarter. Finally, Holocene Advisors LP lifted its stake in Apollo Global Management by 530.9% during the third quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider's stock worth $50,242,000 after purchasing an additional 338,472 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Leon D. Black sold 133,400 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the transaction, the insider now owns 35,471,373 shares of the company's stock, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the transaction, the chief financial officer now directly owns 320,564 shares in the company, 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 sold a total of 196,600 shares of company stock worth $34,186,128 in the last three months. Company insiders own 8.50% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on APO shares. Barclays upped their target price on Apollo Global Management from $174.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Wolfe Research assumed coverage on Apollo Global Management in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $139.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their price target on Apollo Global Management from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Evercore ISI raised their target price on 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, Morgan Stanley raised their target price on Apollo Global Management from $111.00 to $137.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus 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 trading hours on Friday, hitting $166.81. The stock had a trading volume of 3,580,328 shares, compared to its average volume of 7,727,088. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a 50 day simple moving average of $169.18 and a 200-day simple moving average of $139.69. The firm has a market capitalization of $94.38 billion, a P/E 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 1-year low of $95.11 and a 1-year high of $189.49.

Apollo Global Management Increases Dividend

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

About Apollo Global Management

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.