J.W. Cole Advisors Inc. Increases Position in Apollo Global Management, Inc. (NYSE:APO)

J.W. Cole Advisors Inc. lifted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,197 shares of the financial services provider’s stock after acquiring an additional 440 shares during the period. J.W. Cole Advisors Inc.’s holdings in Apollo Global Management were worth $1,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Creative Planning raised its stake in shares of Apollo Global Management by 5.9% during the 3rd quarter. Creative Planning now owns 41,784 shares of the financial services provider’s stock worth $5,219,000 after purchasing an additional 2,316 shares during the period. V Square Quantitative Management LLC raised its position in Apollo Global Management by 57.5% in the third quarter. V Square Quantitative Management LLC now owns 1,961 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 716 shares during the period. Blue Trust Inc. boosted its stake in Apollo Global Management by 230.7% in the third quarter. Blue Trust Inc. now owns 3,208 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 2,238 shares during the last quarter. Chicago Capital LLC grew its position in shares of Apollo Global Management by 1.2% during the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock valued at $709,000 after acquiring an additional 69 shares during the period. Finally, Cyndeo Wealth Partners LLC increased its stake in shares of Apollo Global Management by 3.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 77 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the sale, the insider now owns 35,471,373 shares in the company, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the sale, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 201,600 shares of company stock valued at $34,977,528 in the last quarter. Corporate insiders own 8.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on APO. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. TD Cowen increased their price target on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Evercore ISI boosted their price objective on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets boosted their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $165.74.

Apollo Global Management Stock Performance

NYSE:APO opened at $162.95 on Tuesday. The stock has a market cap of $92.20 billion, a P/E ratio of 22.29, a PEG ratio of 1.28 and a beta of 1.63. 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 business’s 50-day moving average price is $167.45 and its two-hundred day moving average price is $146.60. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is currently 25.31%.

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.