Czech National Bank acquired a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 96,918 shares of the financial services provider's stock, valued at approximately $16,007,000.
Several other hedge funds also recently made changes to their positions in APO. Compagnie Lombard Odier SCmA purchased a new position in shares of Apollo Global Management during the 3rd quarter worth approximately $35,000. Prospera Private Wealth LLC purchased a new position in Apollo Global Management during the third quarter worth $80,000. Truvestments Capital LLC purchased a new position in Apollo Global Management during the third quarter worth $83,000. Versant Capital Management Inc raised its holdings in shares of Apollo Global Management by 203.6% in the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider's stock worth $83,000 after acquiring an additional 336 shares during the last quarter. Finally, Allworth Financial LP lifted its position 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 valued at $91,000 after acquiring an additional 91 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.
Wall Street Analysts Forecast Growth
APO has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. TD Cowen raised their target price on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Citigroup lifted their target price on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price target on Apollo Global Management from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets lifted their price objective on Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $164.32.
Get Our Latest Report on APO
Apollo Global Management Price Performance
Shares of Apollo Global Management stock traded up $4.65 on Tuesday, hitting $159.45. The company had a trading volume of 3,511,921 shares, compared to its average volume of 3,450,999. Apollo Global Management, Inc. has a 52 week low of $94.19 and a 52 week high of $189.49. 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 company has a market cap of $90.22 billion, a PE ratio of 16.66, a PEG ratio of 1.84 and a beta of 1.63. The business has a 50-day simple moving average of $168.74 and a 200-day simple moving average of $138.69.
Apollo Global Management Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.463 per share. The ex-dividend date of this dividend was Monday, November 18th. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.16%. Apollo Global Management's dividend payout ratio (DPR) is 19.33%.
Insider Transactions at Apollo Global Management
In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value 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. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 133,400 shares of the company's stock in a transaction on 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 completion of the transaction, the insider now directly owns 35,471,373 shares in the company, valued at $6,177,694,321.68. This represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 196,600 shares of company stock valued at $34,186,128. Corporate insiders own 8.50% of the company's stock.
About Apollo Global Management
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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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