Valley Wealth Managers Inc. Buys Shares of 3,681 Apollo Global Management, Inc. (NYSE:APO)

Valley Wealth Managers Inc. purchased a new stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,681 shares of the financial services provider's stock, valued at approximately $608,000.

Several other hedge funds have also recently bought and sold shares of APO. Byrne Asset Management LLC acquired a new stake in Apollo Global Management in the fourth quarter valued at approximately $37,000. Retirement Wealth Solutions LLC acquired a new stake in Apollo Global Management in the fourth quarter valued at approximately $39,000. UMB Bank n.a. grew its position in Apollo Global Management by 447.1% in the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 228 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in Apollo Global Management in the third quarter valued at approximately $80,000. Finally, Truvestments Capital LLC acquired a new stake in Apollo Global Management in the third quarter valued at approximately $83,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Barclays raised their price target on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Wells Fargo & Company decreased their price target 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. Evercore ISI raised their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley raised their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Apollo Global Management has an average rating of "Moderate Buy" and a consensus price target of $165.74.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 133,400 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the sale, the insider now owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 201,600 shares of company stock worth $34,977,528 over the last ninety days. 8.50% of the stock is currently owned by corporate insiders.

Apollo Global Management Stock Performance

APO stock traded down $6.34 during mid-day trading on Friday, reaching $150.45. The company had a trading volume of 3,731,483 shares, compared to its average volume of 3,279,721. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The stock's 50-day simple moving average is $166.42 and its two-hundred day simple moving average is $147.17. 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 stock has a market capitalization of $85.13 billion, a P/E ratio of 20.58, a P/E/G ratio of 1.24 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management's dividend payout ratio is currently 25.31%.

Apollo Global Management Company 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.