Apollo Global Management, Inc. (NYSE:APO) Stock Position Increased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. grew its position in Apollo Global Management, Inc. (NYSE:APO) by 18.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,065 shares of the financial services provider’s stock after buying an additional 1,551 shares during the period. Avantax Advisory Services Inc.’s holdings in Apollo Global Management were worth $1,662,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Jupiter Asset Management Ltd. grew its holdings in Apollo Global Management by 5.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 182,744 shares of the financial services provider’s stock worth $30,182,000 after buying an additional 10,212 shares in the last quarter. Securian Asset Management Inc. bought a new position in shares of Apollo Global Management in the fourth quarter worth $3,968,000. Hopwood Financial Services Inc. acquired a new position in shares of Apollo Global Management during the fourth quarter valued at $33,000. Farther Finance Advisors LLC raised its stake in shares of Apollo Global Management by 122.1% during the fourth quarter. Farther Finance Advisors LLC now owns 3,661 shares of the financial services provider’s stock valued at $605,000 after purchasing an additional 2,013 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in Apollo Global Management by 49.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 43,169 shares of the financial services provider’s stock worth $7,130,000 after purchasing an additional 14,191 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $138.90 on Tuesday. The firm has a fifty day moving average price of $155.75 and a two-hundred day moving average price of $151.50. 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 debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market cap of $79.24 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is 25.31%.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

APO has been the topic of several research analyst reports. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods dropped their target price on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group increased their price target on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. BMO Capital Markets lifted their price target on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company cut their price objective on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $165.74.

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.