Sanctuary Advisors LLC Buys 11,370 Shares of Apollo Global Management, Inc. (NYSE:APO)

Sanctuary Advisors LLC raised its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 11.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,347 shares of the financial services provider's stock after buying an additional 11,370 shares during the quarter. Sanctuary Advisors LLC's holdings in Apollo Global Management were worth $13,783,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in shares of Apollo Global Management in the second quarter worth $35,000. Compagnie Lombard Odier SCmA bought a new position in shares of Apollo Global Management in the 3rd quarter valued at $35,000. Prospera Private Wealth LLC bought a new position in shares of Apollo Global Management in the 3rd quarter valued at $80,000. Truvestments Capital LLC acquired a new position in shares of Apollo Global Management during the 3rd quarter worth $83,000. Finally, Allworth Financial LP lifted its position in shares of Apollo Global Management by 14.3% during the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider's stock worth $91,000 after buying an additional 91 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on APO shares. Morgan Stanley raised their price objective 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. Wolfe Research initiated coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They set an "outperform" rating and a $139.00 target price on the stock. UBS Group upgraded shares of Apollo Global Management to a "hold" rating in a research report on Wednesday, November 13th. The Goldman Sachs Group lifted their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods increased their price objective on Apollo Global Management from $159.00 to $168.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. 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 company. According to MarketBeat.com, Apollo Global Management currently has an average rating of "Moderate Buy" and a consensus price target of $160.89.

Insiders Place Their Bets

In related news, CFO Martin Kelly sold 5,000 shares of the firm'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 transaction of $863,050.00. Following the completion of the transaction, the chief financial officer now owns 320,564 shares of the company's stock, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the business's stock in a transaction 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 sale, the insider now directly owns 35,104,773 shares in the company, valued at $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 a total of 196,600 shares of company stock valued at $34,186,128 over the last 90 days. Insiders own 8.50% of the company's stock.

Apollo Global Management Price Performance

Apollo Global Management stock traded up $0.02 during midday trading on Friday, reaching $176.43. 3,166,777 shares of the stock were exchanged, compared to its average volume of 2,838,814. The firm has a market cap of $99.83 billion, a PE ratio of 18.44, a PEG ratio of 1.84 and a beta of 1.63. Apollo Global Management, Inc. has a 52 week low of $89.76 and a 52 week high of $189.49. The company's fifty day moving average is $157.91 and its 200-day moving average is $130.89. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

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. The ex-dividend date was Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.05%. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio (DPR) is 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.