Unigestion Holding SA Purchases New Stake in Apollo Global Management, Inc. (NYSE:APO)

Unigestion Holding SA purchased a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,874 shares of the financial services provider's stock, valued at approximately $609,000.

Several other large investors have also bought and sold shares of the business. Cullen Frost Bankers Inc. bought a new stake in shares of Apollo Global Management during the 2nd quarter valued at $35,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management during the third quarter worth $35,000. Prospera Private Wealth LLC bought a new stake in Apollo Global Management in the third quarter valued at about $80,000. Truvestments Capital LLC acquired a new position in Apollo Global Management in the third quarter valued at about $83,000. Finally, Allworth Financial LP boosted its holdings in Apollo Global Management by 14.3% during the third 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. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the firm'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 completion of the transaction, the chief financial officer now directly owns 320,564 shares of the company's stock, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leon D. Black sold 58,200 shares of the company's 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 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. Over the last quarter, insiders have sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is owned by insiders.

Apollo Global Management Stock Down 1.2 %

APO traded down $2.21 during trading hours on Thursday, hitting $176.40. 3,547,458 shares of the company's stock were exchanged, compared to its average volume of 2,837,445. The stock has a market cap of $99.81 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.84 and a beta of 1.63. Apollo Global Management, Inc. has a 1-year low of $89.76 and a 1-year high of $189.49. The stock's 50-day moving average is $157.09 and its two-hundred day moving average is $130.47. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

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 issued a $0.463 dividend. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.05%. Apollo Global Management's dividend payout ratio (DPR) is presently 19.33%.

Analysts Set New Price Targets

APO has been the topic of a number of analyst reports. Argus cut their price target on shares of Apollo Global Management from $135.00 to $125.00 and set a "buy" rating on the stock in a research report on Tuesday, August 20th. JPMorgan Chase & Co. increased their target price on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. StockNews.com lowered shares of Apollo Global Management from a "hold" rating to a "sell" rating in a report on Tuesday. UBS Group raised Apollo Global Management to a "hold" rating in a research note on Wednesday, November 13th. Finally, Redburn Atlantic initiated coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a "buy" rating and a $153.00 target price for the company. 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, Apollo Global Management has an average rating of "Moderate Buy" and a consensus price target of $160.89.

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.