InTrack Investment Management Inc Has $1.09 Million Stake in Apollo Global Management, Inc. (NYSE:APO)

InTrack Investment Management Inc boosted its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 69.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,833 shares of the financial services provider's stock after buying an additional 2,812 shares during the period. InTrack Investment Management Inc's holdings in Apollo Global Management were worth $1,089,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of APO. Compagnie Lombard Odier SCmA bought a new stake in Apollo Global Management in the 3rd quarter valued at $35,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Apollo Global Management in the 4th quarter valued at about $39,000. Prospera Private Wealth LLC bought a new stake in shares of Apollo Global Management in the third quarter valued at about $80,000. Truvestments Capital LLC acquired a new position in shares of Apollo Global Management during the third quarter worth about $83,000. Finally, Versant Capital Management Inc grew its holdings in shares of Apollo Global Management by 203.6% during the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider's stock worth $83,000 after buying an additional 336 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Insider Activity

In other Apollo Global Management news, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were 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 directly owns 320,564 shares of the company's stock, valued at $55,332,552.04. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is owned by insiders.

Apollo Global Management Stock Performance

Shares of APO stock traded up $0.89 during midday trading on Friday, hitting $166.81. 3,580,328 shares of the company were exchanged, compared to its average volume of 7,727,088. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The firm has a market capitalization of $94.38 billion, a P/E ratio of 17.43, a PEG ratio of 1.20 and a beta of 1.63. The firm's 50 day moving average price is $169.18 and its two-hundred day moving average price is $139.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Monday, November 18th. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's payout ratio is currently 19.33%.

Analysts Set New Price Targets

Several equities research analysts have commented on APO shares. Wells Fargo & Company reduced their price target on Apollo Global Management from $197.00 to $191.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. increased their target price on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. StockNews.com lowered shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. Barclays increased their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Finally, Piper Sandler lifted their target price on Apollo Global Management from $188.00 to $202.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.32.

Apollo Global Management Company 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.