Lindbrook Capital LLC Boosts Holdings in Apollo Global Management, Inc. (NYSE:APO)

Lindbrook Capital LLC increased its stake in Apollo Global Management, Inc. (NYSE:APO) by 22.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,149 shares of the financial services provider’s stock after buying an additional 750 shares during the period. Lindbrook Capital LLC’s holdings in Apollo Global Management were worth $685,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in APO. Charles Schwab Investment Management Inc. increased its stake in shares of Apollo Global Management by 60.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider’s stock worth $479,057,000 after buying an additional 1,094,464 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Apollo Global Management by 42.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,640,758 shares of the financial services provider’s stock worth $436,148,000 after buying an additional 782,700 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of Apollo Global Management by 15,187.7% in the fourth quarter. Proficio Capital Partners LLC now owns 639,027 shares of the financial services provider’s stock worth $105,542,000 after buying an additional 634,847 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Apollo Global Management by 813.6% in the fourth quarter. Principal Financial Group Inc. now owns 542,780 shares of the financial services provider’s stock worth $89,646,000 after buying an additional 483,369 shares during the last quarter. Finally, Holocene Advisors LP increased its stake in shares of Apollo Global Management by 530.9% in the third quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider’s stock worth $50,242,000 after buying an additional 338,472 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

APO stock opened at $134.70 on Friday. The company has a market capitalization of $76.84 billion, a P/E ratio of 18.43, a PEG ratio of 1.17 and a beta of 1.63. The company has a 50-day simple moving average of $161.43 and a 200 day simple moving average of $150.03. 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 Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s payout ratio is currently 25.31%.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were 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 owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on APO. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Piper Sandler lifted their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. The Goldman Sachs Group lifted their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. BMO Capital Markets lifted their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, TD Cowen lifted 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. One investment 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. Based on data from MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and a consensus target price of $165.74.

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.