Nilsine Partners LLC Purchases Shares of 1,748 Apollo Global Management, Inc. (NYSE:APO)

Nilsine Partners LLC purchased a new position in Apollo Global Management, Inc. (NYSE:APO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,748 shares of the financial services provider's stock, valued at approximately $289,000.

A number of other large investors have also modified their holdings of the business. Compagnie Lombard Odier SCmA acquired a new stake in Apollo Global Management in the 3rd quarter valued at about $35,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter worth approximately $39,000. UMB Bank n.a. increased its holdings in shares of Apollo Global Management by 447.1% during the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider's stock worth $46,000 after buying an additional 228 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Apollo Global Management in the third quarter valued at approximately $80,000. Finally, Truvestments Capital LLC purchased a new position in Apollo Global Management in the third quarter worth approximately $83,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Stock Performance

APO traded up $0.77 during trading hours on Thursday, hitting $171.87. The company's stock had a trading volume of 2,644,618 shares, compared to its average volume of 3,399,260. The firm has a market capitalization of $97.25 billion, a PE ratio of 17.96, a PEG ratio of 1.36 and a beta of 1.63. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. 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 50-day simple moving average of $169.91 and a 200 day simple moving average of $142.64.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a yield of 1.08%. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management's dividend payout ratio is presently 19.33%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction 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. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $10,090,134.00. Following the completion of the sale, the insider now directly owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock worth $34,186,128 over the last ninety days. Company insiders own 8.50% of the company's stock.

Wall Street Analyst Weigh In

APO has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. UBS Group raised Apollo Global Management to a "hold" rating in a research report on Wednesday, November 13th. TD Cowen lifted their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Piper Sandler increased their price target 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $164.32.

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.