Wilmington Savings Fund Society FSB Takes Position in Apollo Global Management, Inc. (NYSE:APO)

Wilmington Savings Fund Society FSB purchased a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,027 shares of the financial services provider's stock, valued at approximately $503,000.

A number of other hedge funds have also bought and sold shares of APO. Sfmg LLC lifted its holdings in Apollo Global Management by 1.1% during the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock worth $902,000 after buying an additional 79 shares during the last quarter. World Investment Advisors LLC lifted its stake in Apollo Global Management by 1.8% during the third quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider's stock worth $852,000 after purchasing an additional 119 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in Apollo Global Management by 11.5% in the third quarter. Sanctuary Advisors LLC now owns 110,347 shares of the financial services provider's stock worth $13,783,000 after purchasing an additional 11,370 shares during the period. Unigestion Holding SA acquired a new stake in shares of Apollo Global Management during the third quarter worth $609,000. Finally, TCW Group Inc. raised its holdings in shares of Apollo Global Management by 2.9% during the third quarter. TCW Group Inc. now owns 671,479 shares of the financial services provider's stock worth $83,874,000 after purchasing an additional 18,785 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Trading Down 1.0 %

Shares of APO stock traded down $1.83 during trading hours on Tuesday, reaching $176.32. 6,779,524 shares of the stock traded hands, compared to its average volume of 2,867,871. 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 firm has a market capitalization of $99.76 billion, a PE ratio of 18.62, 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 business has a fifty day moving average price of $158.79 and a 200 day moving average price of $131.56.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a dividend of $0.463 per share. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management's payout ratio is 19.33%.

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 shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares of the company's stock, valued at $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $10,090,134.00. Following the transaction, the insider now directly owns 35,104,773 shares in the company, valued at $6,086,114,495.01. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock worth $34,186,128 over the last quarter. Corporate insiders own 8.50% of the company's stock.

Analyst Upgrades and Downgrades

APO has been the topic of several research reports. UBS Group upgraded shares of Apollo Global Management to a "hold" rating in a research note on Wednesday, November 13th. Barclays boosted their price objective on Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Evercore ISI increased their target price on Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Argus reduced their price target on shares of Apollo Global Management from $135.00 to $125.00 and set a "buy" rating for the company in a report on Tuesday, August 20th. Finally, Morgan Stanley increased their price objective on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. One research 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.