ORG Wealth Partners LLC Invests $97,000 in Apollo Global Management, Inc. (NYSE:APO)

ORG Wealth Partners LLC acquired a new position in shares of Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 585 shares of the financial services provider’s stock, valued at approximately $97,000.

Several other hedge funds have also modified their holdings of APO. Private Advisor Group LLC raised its holdings in shares of Apollo Global Management by 9.1% during the 2nd quarter. Private Advisor Group LLC now owns 10,318 shares of the financial services provider’s stock worth $1,218,000 after acquiring an additional 858 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Apollo Global Management during the 2nd quarter worth approximately $171,000. Prudential PLC raised its holdings in shares of Apollo Global Management by 50.7% during the 2nd quarter. Prudential PLC now owns 6,117 shares of the financial services provider’s stock worth $722,000 after acquiring an additional 2,058 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Apollo Global Management by 7.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 28,095 shares of the financial services provider’s stock valued at $3,317,000 after buying an additional 1,900 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in Apollo Global Management during the 2nd quarter valued at $12,079,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

Shares of APO stock opened at $155.35 on Friday. Apollo Global Management, Inc. has a 1-year low of $94.19 and a 1-year high of $189.49. The stock’s 50-day moving average is $168.14 and its 200 day moving average is $137.90. The company has a market cap of $87.90 billion, a P/E ratio of 16.23, a PEG ratio of 1.84 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a dividend of $0.463 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.19%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was 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 in the company, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Leon D. Black sold 58,200 shares of the stock in a transaction dated 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 owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 196,600 shares of company stock valued at $34,186,128 over the last quarter. 8.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. UBS Group upgraded Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. The Goldman Sachs Group upped their price objective on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company upped their price objective on Apollo Global Management from $164.00 to $197.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus price target of $164.63.

Apollo Global Management 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.