Hilltop Holdings Inc. Buys 4,707 Shares of Apollo Global Management, Inc. (NYSE:APO)

Hilltop Holdings Inc. raised its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 132.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,256 shares of the financial services provider's stock after buying an additional 4,707 shares during the quarter. Hilltop Holdings Inc.'s holdings in Apollo Global Management were worth $1,031,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc grew its holdings in Apollo Global Management by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider's stock valued at $517,527,000 after buying an additional 126,859 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Apollo Global Management by 3.8% during the 2nd quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider's stock worth $318,522,000 after purchasing an additional 97,797 shares in the last quarter. Curated Wealth Partners LLC grew its holdings in shares of Apollo Global Management by 200.3% during the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider's stock worth $278,945,000 after purchasing an additional 4,717,661 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Apollo Global Management by 27.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider's stock worth $225,600,000 after purchasing an additional 383,557 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of Apollo Global Management by 2.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,294,530 shares of the financial services provider's stock worth $152,845,000 after purchasing an additional 37,070 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Global Management

In other news, insider Leon D. Black sold 133,400 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the sale, the insider now owns 35,471,373 shares in the company, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 $55,332,552.04. This trade 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 valued at $34,186,128. Company insiders own 8.50% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. BMO Capital Markets increased their target price on Apollo Global Management from $138.00 to $157.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Morgan Stanley raised their price objective on Apollo Global Management from $111.00 to $137.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. UBS Group raised Apollo Global Management to a "hold" rating in a research note on Wednesday, November 13th. Redburn Partners assumed coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price objective on the stock. Finally, Wolfe Research assumed coverage on Apollo Global Management in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $139.00 price objective on the stock. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Apollo Global Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $155.05.

Apollo Global Management Trading Up 0.6 %

APO stock traded up $1.00 during mid-day trading on Thursday, reaching $175.73. The company's stock had a trading volume of 3,822,681 shares, compared to its average volume of 2,725,674. The company has a market cap of $99.43 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 1.79 and a beta of 1.63. The business's 50 day moving average price is $151.42 and its 200 day moving average price is $127.98. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 12 month low of $89.45 and a 12 month high of $178.75.

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 issued a $0.463 dividend. This is an increase 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 1.05%. The ex-dividend date was Monday, November 18th. Apollo Global Management's payout ratio is presently 19.33%.

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.