Oak Thistle LLC Purchases Shares of 3,670 Apollo Global Management, Inc. (NYSE:APO)

Oak Thistle LLC bought a new position in Apollo Global Management, Inc. (NYSE:APO - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,670 shares of the financial services provider's stock, valued at approximately $606,000.

Several other institutional investors also recently modified their holdings of APO. Compagnie Lombard Odier SCmA purchased a new position in Apollo Global Management during the third quarter valued at $35,000. Prospera Private Wealth LLC bought a new position in shares of Apollo Global Management during the third quarter valued at $80,000. Truvestments Capital LLC purchased a new position in shares of Apollo Global Management in the 3rd quarter worth about $83,000. Versant Capital Management Inc raised its position in shares of Apollo Global Management by 203.6% in the 4th quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider's stock worth $83,000 after purchasing an additional 336 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Apollo Global Management by 14.3% in the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider's stock worth $91,000 after purchasing an additional 91 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Apollo Global Management from $168.00 to $196.00 and gave the stock an "outperform" rating in a report on Friday, December 20th. Wolfe Research started coverage on shares of Apollo Global Management in a report on Wednesday, September 25th. They issued an "outperform" rating and a $139.00 price objective for the company. Piper Sandler increased their target price on Apollo Global Management from $188.00 to $202.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. StockNews.com lowered Apollo Global Management from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. Finally, Barclays upped their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $164.32.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was 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 directly owns 35,104,773 shares in the company, valued at $6,086,114,495.01. This represents a 0.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 in the company, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is owned by company insiders.

Apollo Global Management Stock Performance

Apollo Global Management stock traded up $0.89 during trading on Friday, reaching $166.81. The company had a trading volume of 3,580,128 shares, compared to its average volume of 3,568,193. The firm has a market capitalization of $94.38 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 1.20 and a beta of 1.63. 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 firm's 50-day simple moving average is $169.09 and its 200 day simple moving average is $139.35. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.463 per share. 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 1.11%. The ex-dividend date was Monday, November 18th. Apollo Global Management's payout ratio is presently 19.33%.

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.