Investment Management Corp of Ontario Purchases 4,400 Shares of Apollo Global Management, Inc. (NYSE:APO)

Investment Management Corp of Ontario lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 49.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,222 shares of the financial services provider's stock after purchasing an additional 4,400 shares during the period. Investment Management Corp of Ontario's holdings in Apollo Global Management were worth $1,652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in Apollo Global Management in the second quarter valued at approximately $35,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Apollo Global Management during the 3rd quarter worth approximately $35,000. Massmutual Trust Co. FSB ADV raised its stake in Apollo Global Management by 293.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 346 shares during the period. Prospera Private Wealth LLC acquired a new stake in Apollo Global Management during the 3rd quarter valued at $80,000. Finally, Mather Group LLC. boosted its position in Apollo Global Management by 826.9% during the second quarter. Mather Group LLC. now owns 723 shares of the financial services provider's stock worth $81,000 after purchasing an additional 645 shares during the period. 77.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

APO has been the topic of several research analyst reports. Argus dropped their price objective on shares of Apollo Global Management from $135.00 to $125.00 and set a "buy" rating on the stock in a research report on Tuesday, August 20th. Citigroup increased their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. UBS Group upgraded Apollo Global Management to a "hold" rating in a report on Wednesday, November 13th. Wells Fargo & Company increased their target price on Apollo Global Management from $149.00 to $164.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. Finally, Redburn Atlantic assumed coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price target for the company. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Apollo Global Management presently has an average rating of "Moderate Buy" and an average target price of $155.05.

Insider Transactions at Apollo Global Management

In related news, insider Leon D. Black sold 58,200 shares of the company'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 transaction 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. This represents a 0.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 320,564 shares of the company's stock, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 196,600 shares of company stock valued at $34,186,128. Corporate insiders own 8.50% of the company's stock.

Apollo Global Management Price Performance

NYSE:APO traded up $1.00 during mid-day trading on Thursday, reaching $175.73. The stock had a trading volume of 3,822,681 shares, compared to its average volume of 2,725,674. Apollo Global Management, Inc. has a 12 month low of $89.45 and a 12 month high of $178.75. The stock has a market capitalization of $99.43 billion, a PE ratio of 18.26, a P/E/G ratio of 1.79 and a beta of 1.63. 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 stock has a 50-day simple moving average of $151.42 and a two-hundred day simple moving average of $127.98.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a $0.463 dividend. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.05%. Apollo Global Management's dividend payout ratio (DPR) is presently 19.33%.

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.