Patriot Financial Group Insurance Agency LLC Invests $243,000 in Apollo Global Management, Inc. (NYSE:APO)

Patriot Financial Group Insurance Agency LLC bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 1,469 shares of the financial services provider's stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Retirement Wealth Solutions LLC bought a new stake in shares of Apollo Global Management in the fourth quarter valued at $39,000. UMB Bank n.a. increased its holdings in Apollo Global Management by 447.1% in the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider's stock worth $46,000 after acquiring an additional 228 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in Apollo Global Management in the 3rd quarter valued at about $35,000. Versant Capital Management Inc lifted its holdings in Apollo Global Management by 203.6% during the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider's stock valued at $83,000 after purchasing an additional 336 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new position in Apollo Global Management during the fourth quarter worth about $97,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Trading Up 0.5 %

Shares of APO traded up $0.77 during mid-day trading on Thursday, reaching $171.87. The company's stock had a trading volume of 2,644,674 shares, compared to its average volume of 3,399,338. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The company's fifty day moving average price is $169.91 and its two-hundred day moving average price is $142.64. The stock has a market cap of $97.25 billion, a PE ratio of 17.96, a P/E/G ratio of 1.36 and a beta of 1.63.

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 given a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a yield of 1.08%. This is a positive change 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%.

Analysts Set New Price Targets

APO has been the topic of a number of recent research reports. StockNews.com cut shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. Barclays increased their target price on Apollo Global Management from $174.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Evercore ISI lifted their price target on Apollo Global Management from $150.00 to $174.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Piper Sandler increased their price objective on Apollo Global Management from $188.00 to $202.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Finally, Morgan Stanley lifted 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 research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $164.32.

Insider Activity

In related news, insider Leon D. Black sold 58,200 shares of the business'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 sale, the insider now owns 35,104,773 shares of the company's stock, valued at $6,086,114,495.01. The trade was a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Martin Kelly sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is currently owned by insiders.

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.