Stifel Financial Corp Purchases 23,447 Shares of Apollo Global Management, Inc. (NYSE:APO)

Stifel Financial Corp boosted its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 7.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 324,705 shares of the financial services provider's stock after purchasing an additional 23,447 shares during the period. Stifel Financial Corp owned about 0.06% of Apollo Global Management worth $40,559,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of APO. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management in the third quarter valued at approximately $35,000. Cullen Frost Bankers Inc. acquired a new stake in Apollo Global Management during the 2nd quarter valued at $35,000. Prospera Private Wealth LLC bought a new position in Apollo Global Management during the third quarter worth $80,000. Truvestments Capital LLC acquired a new position in shares of Apollo Global Management in the third quarter valued at $83,000. Finally, Allworth Financial LP raised its position in shares of Apollo Global Management by 14.3% in the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 91 shares during the period. Institutional investors own 77.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on APO. TD Cowen lifted their target price on shares of Apollo Global Management from $165.00 to $178.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Barclays upped their target price on Apollo Global Management from $148.00 to $174.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. increased their target price on Apollo Global Management from $129.00 to $143.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. Argus reduced their price target on Apollo Global Management from $135.00 to $125.00 and set a "buy" rating for the company in a research note on Tuesday, August 20th. Finally, Redburn Partners started coverage on Apollo Global Management in a research report on Tuesday, August 27th. They set a "buy" rating and a $153.00 price objective on the stock. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $155.05.

Apollo Global Management Price Performance

Shares of APO stock traded up $2.12 on Friday, hitting $177.85. 3,969,624 shares of the company's stock were exchanged, compared to its average volume of 3,496,924. The company has a 50 day moving average of $153.46 and a 200 day moving average of $128.86. The stock has a market cap of $100.63 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management, Inc. has a 12 month low of $89.45 and a 12 month high of $178.75.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a $0.463 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.04%. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio is 19.33%.

Insider Activity

In other Apollo Global Management news, insider Leon D. Black sold 133,400 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the transaction, the insider now directly owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This represents a 0.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction 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 transaction, the chief financial officer now owns 320,564 shares in the company, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 196,600 shares of company stock worth $34,186,128. Corporate insiders own 8.50% of the company's stock.

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.