Gould Capital LLC Purchases Shares of 9,559 Apollo Global Management, Inc. (NYSE:APO)

Gould Capital LLC purchased a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,559 shares of the financial services provider's stock, valued at approximately $1,194,000.

Other institutional investors also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA acquired a new stake in Apollo Global Management during the third quarter worth about $35,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Apollo Global Management in the second quarter worth $35,000. Prospera Private Wealth LLC purchased a new position in shares of Apollo Global Management in the 3rd quarter valued at $80,000. Truvestments Capital LLC acquired a new position in shares of Apollo Global Management during the 3rd quarter valued at $83,000. Finally, Allworth Financial LP boosted its position in Apollo Global Management by 14.3% during the 3rd 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 period. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Up 1.3 %

Shares of APO traded up $2.32 during midday trading on Tuesday, reaching $174.79. 7,561,093 shares of the stock were exchanged, compared to its average volume of 2,821,075. The company has a market cap of $98.90 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.84 and a beta of 1.63. 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, Inc. has a 12-month low of $89.76 and a 12-month high of $189.49. The firm has a 50 day simple moving average of $154.41 and a 200-day simple moving average of $129.39.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders 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 a boost from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a yield of 1.06%. Apollo Global Management's payout ratio is 19.33%.

Analyst Ratings Changes

Several research firms recently commented on APO. StockNews.com lowered Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday. Wells Fargo & Company boosted their price objective on shares of Apollo Global Management from $149.00 to $164.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. TD Cowen raised 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. The Goldman Sachs Group boosted their price target on Apollo Global Management from $161.00 to $178.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Finally, Barclays raised their price objective on Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $159.16.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the sale, the chief financial officer now owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 ninety days. 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.