Apollo Global Management, Inc. (NYSE:APO) Shares Bought by MGB Wealth Management LLC

MGB Wealth Management LLC lifted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 212.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,398 shares of the financial services provider's stock after purchasing an additional 3,668 shares during the period. MGB Wealth Management LLC's holdings in Apollo Global Management were worth $892,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Partners Group Holding AG grew its stake in Apollo Global Management by 26.5% in the third quarter. Partners Group Holding AG now owns 775,727 shares of the financial services provider's stock valued at $96,896,000 after acquiring an additional 162,678 shares during the period. Kestra Private Wealth Services LLC acquired a new stake in Apollo Global Management in the 4th quarter valued at $3,994,000. Swedbank AB increased its stake in Apollo Global Management by 50.9% during the 3rd quarter. Swedbank AB now owns 77,938 shares of the financial services provider's stock valued at $9,735,000 after purchasing an additional 26,300 shares in the last quarter. Fortress Financial Solutions LLC acquired a new position in Apollo Global Management during the fourth quarter worth $685,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Apollo Global Management during the fourth quarter worth about $648,000. Institutional investors own 77.06% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on APO shares. The Goldman Sachs Group lifted their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Piper Sandler increased their price objective 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. Citigroup boosted their target price on Apollo Global Management from $162.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. UBS Group upgraded Apollo Global Management to a "hold" rating in a research note on Wednesday, November 13th. Finally, Barclays lifted 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 report on Monday, December 9th. One 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $165.74.

Apollo Global Management Trading Up 3.2 %

Shares of NYSE:APO traded up $5.03 on Monday, hitting $162.95. 2,665,760 shares of the company's stock were exchanged, compared to its average volume of 3,235,579. The stock has a market capitalization of $92.20 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 1.28 and a beta of 1.63. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. 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 business's 50 day simple moving average is $167.64 and its two-hundred day simple moving average is $146.27.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management's payout ratio is 25.31%.

Insider Activity

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the transaction, the insider now owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. This represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Martin Kelly sold 5,000 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were 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 in the company, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 201,600 shares of company stock valued at $34,977,528 in the last quarter. 8.50% of the stock is currently owned by company insiders.

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.