Overbrook Management Corp Buys New Stake in Apollo Global Management, Inc. (NYSE:APO)

Overbrook Management Corp purchased a new position in shares of Apollo Global Management, Inc. (NYSE:APO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 64,114 shares of the financial services provider’s stock, valued at approximately $10,589,000. Apollo Global Management makes up 2.3% of Overbrook Management Corp’s holdings, making the stock its 18th largest holding.

Other institutional investors also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management during the third quarter valued at $35,000. Retirement Wealth Solutions LLC purchased a new position in Apollo Global Management in the 4th quarter valued at about $39,000. UMB Bank n.a. boosted its stake in shares of Apollo Global Management by 447.1% during the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 228 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Apollo Global Management during the third quarter worth about $80,000. Finally, Truvestments Capital LLC acquired a new position in shares of Apollo Global Management in the third quarter valued at approximately $83,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on APO shares. Keefe, Bruyette & Woods raised their target price on shares of Apollo Global Management from $168.00 to $196.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. raised their price objective on Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Citigroup upped their target price on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Piper Sandler raised their price target on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Wolfe Research started coverage on Apollo Global Management in a report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price target for the company. One equities research 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.32.

Apollo Global Management Stock Up 0.5 %

NYSE APO opened at $166.81 on Monday. The stock has a market cap of $94.38 billion, a PE ratio of 17.43, a P/E/G ratio of 1.20 and a beta of 1.63. The business has a 50 day moving average price of $169.18 and a two-hundred day moving average price of $139.96. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors 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. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 annualized dividend and a yield of 1.11%. Apollo Global Management’s payout ratio is 19.33%.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the firm’s 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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leon D. Black sold 133,400 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the transaction, the insider now directly owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. The trade was a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock worth $34,186,128 in the last quarter. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Company 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.