Shelton Capital Management Invests $411,000 in Apollo Global Management, Inc. (NYSE:APO)

Shelton Capital Management bought a new position 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 bought 2,488 shares of the financial services provider's stock, valued at approximately $411,000.

A number of other large investors also recently modified their holdings of APO. Hopwood Financial Services Inc. acquired a new position in Apollo Global Management during the fourth quarter worth $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Apollo Global Management during the fourth quarter worth about $34,000. Byrne Asset Management LLC acquired a new stake in shares of Apollo Global Management in the 4th quarter worth about $37,000. Retirement Wealth Solutions LLC bought a new position in Apollo Global Management in the 4th quarter valued at about $39,000. Finally, HM Payson & Co. bought a new position in Apollo Global Management during the 4th quarter valued at $45,000. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Trading Up 2.8 %

APO stock traded up $3.56 during trading on Tuesday, hitting $129.08. 1,282,646 shares of the company traded hands, compared to its average volume of 4,225,439. The company has a 50-day moving average of $140.87 and a 200-day moving average of $153.65. 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, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The firm has a market capitalization of $73.64 billion, a PE ratio of 17.66, a P/E/G ratio of 1.17 and a beta of 1.66.

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Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's dividend payout ratio is 25.31%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on APO shares. BMO Capital Markets upped 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. Piper Sandler lowered their price objective on shares of Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Raymond James began coverage on shares of Apollo Global Management in a research note on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 price target for the company. Citigroup dropped their price objective on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Barclays decreased their target price on Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and one has issued a strong 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 target price of $156.00.

Insider Buying and Selling

In other news, insider Lb 2018 Gst Trust purchased 607,725 shares of the business's stock in a transaction on Friday, April 4th. The shares were acquired at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the acquisition, the insider now directly owns 621,754 shares in the company, valued at approximately $69,257,178.06. The trade was a 4,331.92 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now directly owns 377,164 shares of the company's stock, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is owned by insiders.

Apollo Global Management 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.