Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 177.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,169 shares of the financial services provider's stock after purchasing an additional 5,863 shares during the quarter. Jones Financial Companies Lllp's holdings in Apollo Global Management were worth $1,514,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of APO. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management in the fourth quarter valued at about $34,000. Byrne Asset Management LLC acquired a new position in shares of Apollo Global Management in the fourth quarter worth approximately $37,000. Retirement Wealth Solutions LLC acquired a new position in Apollo Global Management in the fourth quarter valued at approximately $39,000. UMB Bank n.a. lifted its stake in Apollo Global Management by 447.1% in the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider's stock valued at $46,000 after buying an additional 228 shares during the period. Finally, WR Wealth Planners LLC lifted its stake in Apollo Global Management by 25.3% in the fourth quarter. WR Wealth Planners LLC now owns 455 shares of the financial services provider's stock valued at $75,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at $59,697,517.92. The trade was a 1.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 8.50% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on APO. Barclays upped their target price on Apollo Global Management from $174.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. The Goldman Sachs Group upped their price target on Apollo Global Management from $161.00 to $178.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Piper Sandler upped their price target 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. StockNews.com cut Apollo Global Management from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company lowered their price target on Apollo Global Management from $191.00 to $187.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $165.74.

Apollo Global Management Price Performance

NYSE:APO traded down $2.15 during trading hours on Friday, hitting $132.63. 5,946,544 shares of the stock were exchanged, compared to its average volume of 3,555,060. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The firm's fifty day moving average price is $159.88 and its 200 day moving average price is $150.64. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a market cap of $75.66 billion, a P/E ratio of 18.14, a P/E/G ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.39%. Apollo Global Management's dividend payout ratio (DPR) is currently 25.31%.

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.