Coordinated Financial Services Inc. Invests $473,000 in Apollo Global Management, Inc. (NYSE:APO)

Coordinated Financial Services Inc. purchased a new position in Apollo Global Management, Inc. (NYSE:APO - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,862 shares of the financial services provider's stock, valued at approximately $473,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC purchased a new position in Apollo Global Management in the 4th quarter worth about $34,000. Byrne Asset Management LLC purchased a new position in Apollo Global Management in the 4th quarter worth about $37,000. Retirement Wealth Solutions LLC purchased a new position in Apollo Global Management in the 4th quarter worth about $39,000. HM Payson & Co. purchased a new position in Apollo Global Management in the 4th quarter worth about $45,000. Finally, UMB Bank n.a. increased its stake in Apollo Global Management by 447.1% in the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider's stock worth $46,000 after purchasing an additional 228 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on APO shares. TD Cowen lifted their target price on Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, December 9th. StockNews.com cut Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. The Goldman Sachs Group boosted their price target on Apollo Global Management from $161.00 to $178.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Morgan Stanley boosted their price target on Apollo Global Management from $169.00 to $170.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company lowered their price target on Apollo Global Management from $191.00 to $187.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $165.74.

Remove Ads

Apollo Global Management Stock Performance

Shares of APO stock traded down $2.15 during trading hours on Friday, reaching $132.63. 5,946,544 shares of the company's stock were exchanged, compared to its average volume of 3,555,060. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The stock has a market capitalization of $75.66 billion, a P/E ratio of 18.14, a P/E/G ratio of 1.17 and a beta of 1.66. The business has a fifty day moving average price of $159.88 and a 200-day moving average price of $150.64. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given 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 was Tuesday, February 18th. Apollo Global Management's dividend payout ratio is presently 25.31%.

Insider Activity

In other news, CFO Martin Kelly sold 5,000 shares of the business'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 directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.50% of the stock is currently owned by company insiders.

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.