Friedenthal Financial Makes New Investment in Apollo Global Management, Inc. (NYSE:APO)

Friedenthal Financial acquired a new position in Apollo Global Management, Inc. (NYSE:APO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,599 shares of the financial services provider's stock, valued at approximately $760,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APO. Chicago Capital LLC raised its holdings in shares of Apollo Global Management by 1.2% during the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider's stock valued at $709,000 after purchasing an additional 69 shares in the last quarter. Menard Financial Group LLC increased its position in Apollo Global Management by 1.2% during the third quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider's stock worth $720,000 after buying an additional 71 shares during the last quarter. Cyndeo Wealth Partners LLC increased its position in Apollo Global Management by 3.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider's stock worth $336,000 after buying an additional 77 shares during the last quarter. Sfmg LLC raised its holdings in Apollo Global Management by 1.1% during the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock valued at $902,000 after buying an additional 79 shares in the last quarter. Finally, Cigna Investments Inc. New lifted its position in shares of Apollo Global Management by 1.8% in the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider's stock worth $645,000 after buying an additional 90 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Apollo Global Management Stock Performance

Shares of NYSE APO traded down $0.64 during trading hours on Monday, reaching $154.75. The stock had a trading volume of 3,440,812 shares, compared to its average volume of 3,442,142. Apollo Global Management, Inc. has a twelve month low of $94.19 and a twelve month 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 business's fifty day moving average is $168.74 and its two-hundred day moving average is $138.69. The company has a market cap of $87.56 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.84 and a beta of 1.63.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a $0.463 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.20%. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's payout ratio is presently 19.33%.

Analyst Ratings Changes

A number of brokerages have recently commented on APO. Citigroup increased their price objective on Apollo Global Management from $162.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. The Goldman Sachs Group increased their price target on Apollo Global Management from $161.00 to $178.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. UBS Group upgraded shares of Apollo Global Management to a "hold" rating in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets boosted their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $164.63.

Insider Buying and Selling

In other 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 completion of 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 legal filing with the SEC, which is accessible through this link. Also, insider Leon D. Black sold 58,200 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the transaction, the insider now directly owns 35,104,773 shares in the company, valued at $6,086,114,495.01. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock valued at $34,186,128 over the last quarter. Corporate insiders own 8.50% of the company's stock.

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.