Retireful LLC Acquires Shares of 5,232 Apollo Global Management, Inc. (NYSE:APO)

Retireful LLC bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,232 shares of the financial services provider's stock, valued at approximately $864,000.

Several other large investors also recently made changes to their positions in the stock. Chicago Capital LLC boosted its position in Apollo Global Management by 1.2% during the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider's stock worth $709,000 after acquiring an additional 69 shares during the last quarter. Menard Financial Group LLC lifted its position in shares of Apollo Global Management by 1.2% in the third quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider's stock worth $720,000 after purchasing an additional 71 shares in the last quarter. Cyndeo Wealth Partners LLC boosted its holdings in Apollo Global Management by 3.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider's stock worth $336,000 after purchasing an additional 77 shares during the last quarter. Sfmg LLC grew its position in Apollo Global Management by 1.1% in the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock valued at $902,000 after purchasing an additional 79 shares in the last quarter. Finally, Cigna Investments Inc. New increased its stake in Apollo Global Management by 1.8% in the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider's stock valued at $645,000 after buying an additional 90 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Apollo Global Management Price Performance

Shares of NYSE APO traded up $0.89 during mid-day trading on Friday, hitting $166.81. 3,580,328 shares of the stock traded hands, compared to its average volume of 3,568,194. The company has a market cap of $94.38 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.20 and a beta of 1.63. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a 50 day simple moving average of $169.09 and a two-hundred day simple moving average of $139.35.

Apollo Global Management Increases Dividend

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

Analyst Upgrades and Downgrades

APO has been the subject of a number of recent research 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. Barclays increased their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Evercore ISI raised their price target on Apollo Global Management from $150.00 to $174.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Citigroup upped their price objective on Apollo Global Management from $162.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, UBS Group raised shares of Apollo Global Management to a "hold" rating in a research note on Wednesday, November 13th. 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $164.32.

Insider Activity

In other news, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the sale, the chief financial officer now directly owns 320,564 shares of the company's stock, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Leon D. Black sold 58,200 shares of the stock in a transaction on Wednesday, December 4th. The stock was 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 approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock valued at $34,186,128 over the last quarter. 8.50% of the stock is 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.