Valeo Financial Advisors LLC Buys Shares of 1,507 Apollo Global Management, Inc. (NYSE:APO)

Valeo Financial Advisors LLC bought a new stake in Apollo Global Management, Inc. (NYSE:APO – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,507 shares of the financial services provider’s stock, valued at approximately $249,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APO. Creative Planning lifted its holdings in Apollo Global Management by 5.9% in the 3rd quarter. Creative Planning now owns 41,784 shares of the financial services provider’s stock valued at $5,219,000 after purchasing an additional 2,316 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Apollo Global Management by 230.7% during the 3rd quarter. Blue Trust Inc. now owns 3,208 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 2,238 shares during the period. Cyndeo Wealth Partners LLC lifted its holdings 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 acquiring an additional 77 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Apollo Global Management by 751.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 28,978 shares of the financial services provider’s stock worth $3,620,000 after acquiring an additional 25,575 shares during the period. Finally, Sierra Capital LLC lifted its holdings in shares of Apollo Global Management by 113.4% during the 3rd quarter. Sierra Capital LLC now owns 34,655 shares of the financial services provider’s stock worth $4,329,000 after acquiring an additional 18,412 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Apollo Global Management

In related news, insider Leon D. Black sold 133,400 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 35,471,373 shares in the company, valued at $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 201,600 shares of company stock valued at $34,977,528. 8.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. TD Cowen increased their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Barclays raised their price target on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Piper Sandler raised their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $165.74.

Read Our Latest Stock Analysis on APO

Apollo Global Management Stock Down 0.5 %

APO stock opened at $161.97 on Wednesday. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $91.65 billion, a P/E ratio of 22.16, a PEG ratio of 1.28 and a beta of 1.63. The firm has a 50 day simple moving average of $167.19 and a 200-day simple moving average of $147.01.

Apollo Global Management Cuts Dividend

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

About Apollo Global Management

(Free Report)

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.

See Also

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