Kingswood Wealth Advisors LLC Raises Stake in Apollo Global Management, Inc. (NYSE:APO)

Kingswood Wealth Advisors LLC lifted its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 98.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,421 shares of the financial services provider's stock after purchasing an additional 2,691 shares during the period. Kingswood Wealth Advisors LLC's holdings in Apollo Global Management were worth $895,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. AXA S.A. lifted its position in Apollo Global Management by 283.9% during the second quarter. AXA S.A. now owns 8,986 shares of the financial services provider's stock valued at $1,061,000 after acquiring an additional 6,645 shares during the last quarter. Creative Planning lifted its position in Apollo Global Management by 12.0% during the second quarter. Creative Planning now owns 39,468 shares of the financial services provider's stock valued at $4,660,000 after acquiring an additional 4,242 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Apollo Global Management by 11.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,404 shares of the financial services provider's stock valued at $638,000 after acquiring an additional 560 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Apollo Global Management by 127.9% during the second quarter. B. Riley Wealth Advisors Inc. now owns 26,391 shares of the financial services provider's stock valued at $3,116,000 after acquiring an additional 14,812 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its position in Apollo Global Management by 5.8% during the second quarter. EP Wealth Advisors LLC now owns 3,375 shares of the financial services provider's stock valued at $399,000 after acquiring an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Trading Up 1.1 %

Shares of Apollo Global Management stock traded up $1.87 on Wednesday, reaching $171.18. The company had a trading volume of 1,423,884 shares, compared to its average volume of 3,363,762. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $96.86 billion, a PE ratio of 17.82, a PEG ratio of 1.36 and a beta of 1.63. The firm's 50 day moving average price is $169.74 and its two-hundred day moving average price is $142.44. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49.

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 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 dividend yield of 1.08%. Apollo Global Management's payout ratio is presently 19.33%.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the business's stock in a transaction on 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 transaction, the chief financial officer now directly owns 320,564 shares of the company's stock, valued at $55,332,552.04. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Leon D. Black sold 133,400 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the sale, the insider now owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on APO shares. BMO Capital Markets upped their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Barclays upped their price target on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods upped their price target on shares of Apollo Global Management from $168.00 to $196.00 and gave the company an "outperform" rating in a research note on Friday, December 20th. Piper Sandler upped their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Finally, Evercore ISI increased their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. One 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $164.32.

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.