3,597 Shares in Apollo Global Management, Inc. (NYSE:APO) Acquired by Valued Retirements Inc.

Valued Retirements Inc. purchased a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,597 shares of the financial services provider's stock, valued at approximately $449,000.

Other hedge funds also recently bought and sold shares of the company. Partners Group Holding AG increased its position in shares of Apollo Global Management by 26.5% during the 3rd quarter. Partners Group Holding AG now owns 775,727 shares of the financial services provider's stock valued at $96,896,000 after purchasing an additional 162,678 shares during the last quarter. Swedbank AB lifted its holdings in Apollo Global Management by 50.9% during the 3rd quarter. Swedbank AB now owns 77,938 shares of the financial services provider's stock worth $9,735,000 after buying an additional 26,300 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Apollo Global Management by 34.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 19,441 shares of the financial services provider's stock valued at $2,428,000 after purchasing an additional 4,941 shares during the last quarter. Swiss National Bank raised its stake in shares of Apollo Global Management by 0.4% during the 3rd quarter. Swiss National Bank now owns 1,182,214 shares of the financial services provider's stock worth $147,670,000 after buying an additional 4,600 shares during the last quarter. Finally, MSA Advisors LLC grew its holdings in Apollo Global Management by 8.2% in the third quarter. MSA Advisors LLC now owns 876,702 shares of the financial services provider's stock valued at $109,509,000 after purchasing an additional 66,600 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Insider Activity

In other news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred 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 $55,332,552.04. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Leon D. Black sold 58,200 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now directly owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 196,600 shares of company stock valued at $34,186,128 in the last 90 days. Company insiders own 8.50% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Apollo Global Management from $159.00 to $168.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Redburn Atlantic initiated coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They set a "buy" rating and a $153.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Apollo Global Management from $129.00 to $143.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Wells Fargo & Company upped their target price on shares of Apollo Global Management from $149.00 to $164.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Finally, Morgan Stanley increased their price target on Apollo Global Management from $111.00 to $137.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. One investment 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. Based on data from MarketBeat.com, Apollo Global Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $159.16.

Apollo Global Management Price Performance

APO traded up $3.89 during trading on Tuesday, reaching $176.36. 5,530,751 shares of the company were exchanged, compared to its average volume of 2,811,508. 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, Inc. has a 12-month low of $89.76 and a 12-month high of $189.49. The company has a market cap of $99.79 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.84 and a beta of 1.63. The company's 50-day moving average is $154.41 and its two-hundred day moving average is $129.39.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.463 dividend. This represents a $1.85 annualized dividend and a yield of 1.05%. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management's dividend payout ratio (DPR) is presently 19.33%.

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.