Overbrook Management Corp Acquires Shares of 64,114 Apollo Global Management, Inc. (NYSE:APO)

Overbrook Management Corp acquired a new stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 64,114 shares of the financial services provider's stock, valued at approximately $10,589,000. Apollo Global Management makes up 2.3% of Overbrook Management Corp's investment portfolio, making the stock its 18th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new position in shares of Apollo Global Management during the third quarter worth about $35,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at approximately $39,000. UMB Bank n.a. boosted its position in Apollo Global Management by 447.1% during the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider's stock worth $46,000 after purchasing an additional 228 shares during the period. Prospera Private Wealth LLC acquired a new position in Apollo Global Management in the 3rd quarter valued at about $80,000. Finally, Truvestments Capital LLC acquired a new stake in Apollo Global Management during the 3rd quarter worth approximately $83,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Price Performance

Shares of APO traded up $0.89 during midday trading on Monday, reaching $166.81. The stock had a trading volume of 3,580,328 shares, compared to its average volume of 7,727,088. 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 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's 50-day moving average is $169.18 and its 200 day moving average is $139.96. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a dividend of $0.463 per share. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.11%. Apollo Global Management's dividend payout ratio (DPR) is 19.33%.

Insider Transactions at Apollo Global Management

In related news, insider Leon D. Black sold 133,400 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the sale, the insider now directly owns 35,471,373 shares of the company's stock, valued at $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin Kelly sold 5,000 shares of the business'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 transaction, the chief financial officer now owns 320,564 shares in the company, valued at approximately $55,332,552.04. This 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

APO has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. UBS Group upgraded Apollo Global Management to a "hold" rating in a report on Wednesday, November 13th. Wells Fargo & Company reduced their price objective on shares of Apollo Global Management from $197.00 to $191.00 and set an "overweight" rating for the company in a report on Tuesday, January 14th. BMO Capital Markets raised their price objective on Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Finally, Morgan Stanley upped their target price on Apollo Global Management from $111.00 to $137.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. One equities 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 stock. Based on data from MarketBeat.com, Apollo Global Management presently has a consensus rating of "Moderate Buy" and an average price target of $164.32.

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.