SBI Securities Co. Ltd. Invests $568,000 in Apollo Global Management, Inc. (NYSE:APO)

SBI Securities Co. Ltd. purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,440 shares of the financial services provider's stock, valued at approximately $568,000.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in shares of Apollo Global Management by 177.3% in the 4th quarter. Jones Financial Companies Lllp now owns 9,169 shares of the financial services provider's stock worth $1,514,000 after buying an additional 5,863 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in Apollo Global Management by 2.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock valued at $447,000 after acquiring an additional 71 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Apollo Global Management during the 4th quarter valued at about $34,000. Smartleaf Asset Management LLC increased its position in shares of Apollo Global Management by 30.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,453 shares of the financial services provider's stock valued at $408,000 after purchasing an additional 567 shares during the last quarter. Finally, Levin Capital Strategies L.P. lifted its stake in shares of Apollo Global Management by 31.1% in the 4th quarter. Levin Capital Strategies L.P. now owns 61,081 shares of the financial services provider's stock worth $10,088,000 after purchasing an additional 14,492 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

Several analysts recently issued reports on APO shares. BMO Capital Markets boosted their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Wells Fargo & Company cut their price objective on shares of Apollo Global Management from $191.00 to $187.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Morgan Stanley raised their target price on Apollo Global Management from $169.00 to $170.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. UBS Group raised Apollo Global Management to a "hold" rating in a report on Wednesday, November 13th. Finally, StockNews.com downgraded Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Apollo Global Management currently has an average rating of "Moderate Buy" and an average price target of $165.74.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the sale, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Price Performance

NYSE APO traded down $2.15 on Friday, reaching $132.63. The company had a trading volume of 5,946,544 shares, compared to its average volume of 3,555,060. The stock has a market capitalization of $75.66 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm's 50 day moving average price is $160.63 and its 200 day moving average price is $149.92.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a $0.4625 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.39%. Apollo Global Management's dividend payout ratio is currently 25.31%.

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.