MGO One Seven LLC Makes New Investment in Apollo Global Management, Inc. (NYSE:APO)

MGO One Seven LLC purchased a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,894 shares of the financial services provider's stock, valued at approximately $2,790,000.

Other institutional investors also recently made changes to their positions in the company. Hopwood Financial Services Inc. bought a new stake in Apollo Global Management during the fourth quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Apollo Global Management during the 4th quarter valued at $34,000. Byrne Asset Management LLC acquired a new position in shares of Apollo Global Management during the 4th quarter valued at $37,000. Retirement Wealth Solutions LLC bought a new stake in shares of Apollo Global Management in the 4th quarter worth $39,000. Finally, HM Payson & Co. acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at $45,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Up 0.2 %

Shares of NYSE:APO traded up $0.21 during trading on Friday, reaching $133.53. 2,588,258 shares of the company traded hands, compared to its average volume of 3,832,393. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market cap of $76.18 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The firm has a fifty day simple moving average of $134.70 and a 200 day simple moving average of $153.13.

Apollo Global Management Cuts Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on APO shares. Keefe, Bruyette & Woods lowered their target price on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. TD Cowen lowered their price objective on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Raymond James assumed coverage on shares of Apollo Global Management in a research note on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 target price for the company. Barclays reduced their target price on shares of Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Finally, Piper Sandler dropped their price target on Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $156.00.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the sale, the chief financial officer now directly owns 377,164 shares of the company's stock, valued at $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of the company's stock in a transaction dated Friday, April 4th. The shares were acquired at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the purchase, the insider now owns 621,754 shares in the company, valued at $69,257,178.06. The trade was a 4,331.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 8.50% of the company's stock.

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.