Mosley Wealth Management Buys Shares of 4,409 Apollo Global Management, Inc. (NYSE:APO)

Mosley Wealth Management purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,409 shares of the financial services provider's stock, valued at approximately $754,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. acquired a new position in shares of Apollo Global Management in the 4th quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in Apollo Global Management in the fourth quarter valued at approximately $34,000. Byrne Asset Management LLC acquired a new position in Apollo Global Management during the fourth quarter valued at approximately $37,000. Retirement Wealth Solutions LLC purchased a new stake in Apollo Global Management during the fourth quarter worth approximately $39,000. Finally, HM Payson & Co. purchased a new stake in Apollo Global Management during the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Stock Down 1.7 %

NYSE APO traded down $2.46 on Thursday, hitting $142.18. 2,226,366 shares of the stock traded hands, compared to its average volume of 3,387,348. 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 stock has a 50-day moving average of $153.07 and a 200 day moving average of $152.75. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The company has a market capitalization of $81.11 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

Remove Ads

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management's dividend payout ratio is currently 25.31%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on APO. Piper Sandler lifted their target price on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Keefe, Bruyette & Woods reduced their price objective on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Barclays increased their target price on Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. StockNews.com lowered Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Apollo Global Management from $187.00 to $177.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. One equities research 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $165.21.

Insider Buying and Selling

In other news, insider Leon D. Black sold 500,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the sale, the insider now directly owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. This represents a 1.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the firm'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 value of $791,400.00. Following the completion of the sale, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. 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.