Chiron Investment Management LLC Invests $397,000 in Apollo Global Management, Inc. (NYSE:APO)

Chiron Investment Management LLC acquired a new stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,178 shares of the financial services provider's stock, valued at approximately $397,000.

Several other large investors have also made changes to their positions in APO. Cullen Frost Bankers Inc. purchased a new position in shares of Apollo Global Management in the second quarter valued at about $35,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Apollo Global Management in the third quarter worth about $35,000. Prospera Private Wealth LLC bought a new stake in shares of Apollo Global Management in the third quarter worth about $80,000. Truvestments Capital LLC bought a new stake in shares of Apollo Global Management in the third quarter worth about $83,000. Finally, Allworth Financial LP increased its holdings 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 purchasing an additional 91 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APO has been the topic of several research reports. Morgan Stanley lifted their target price on Apollo Global Management from $111.00 to $137.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. Redburn Atlantic initiated coverage on Apollo Global Management in a report on Tuesday, August 27th. They issued a "buy" rating and a $153.00 target price on the stock. The Goldman Sachs Group lifted their target price on Apollo Global Management from $161.00 to $178.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Barclays boosted their price objective on Apollo Global Management from $174.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Piper Sandler assumed coverage on Apollo Global Management in a research note on Tuesday, November 19th. They set an "overweight" rating and a $188.00 price objective on the stock. One equities 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $159.16.

Apollo Global Management Trading Up 2.5 %

Shares of NYSE APO traded up $4.35 during trading hours on Wednesday, reaching $179.06. The stock had a trading volume of 4,129,125 shares, compared to its average volume of 2,825,869. 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 firm has a market cap of $101.32 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.84 and a beta of 1.63. The business's fifty day moving average price is $155.27 and its two-hundred day moving average price is $129.81. Apollo Global Management, Inc. has a 52-week low of $89.76 and a 52-week high of $189.49.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.463 dividend. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.03%. Apollo Global Management's payout ratio is presently 19.33%.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the completion of the sale, the insider now owns 35,104,773 shares in the company, valued at $6,086,114,495.01. This represents a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the company's 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 sale, the chief financial officer now owns 320,564 shares of the company's stock, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 196,600 shares of company stock worth $34,186,128. Company 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.