1,700 Shares in Apollo Global Management, Inc. (NYSE:APO) Bought by Spahn Wealth & Retirement LLC

Spahn Wealth & Retirement LLC purchased a new stake in Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,700 shares of the financial services provider’s stock, valued at approximately $281,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hopwood Financial Services Inc. bought a new stake in shares of Apollo Global Management in the fourth quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Apollo Global Management in the 4th quarter worth approximately $34,000. Byrne Asset Management LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter worth approximately $37,000. Retirement Wealth Solutions LLC bought a new stake in shares of Apollo Global Management during the fourth quarter valued at approximately $39,000. Finally, HM Payson & Co. acquired a new position in shares of Apollo Global Management in the fourth quarter valued at $45,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the sale, the insider now owns 34,604,773 shares of the company’s stock, valued at approximately $4,913,877,766. The trade was a 1.42 % decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is owned by insiders.

Apollo Global Management Stock Up 2.4 %

Shares of NYSE APO opened at $141.68 on Thursday. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The firm’s 50-day simple moving average is $150.71 and its 200 day simple moving average is $153.85. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a market cap of $80.83 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.4625 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.31%. Apollo Global Management’s payout ratio is 25.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on APO shares. Barclays lifted their price target on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods decreased their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. BMO Capital Markets increased their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Morgan Stanley raised their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Finally, StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. One 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’s stock. According to MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $164.74.

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.