Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 3.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,162 shares of the financial services provider’s stock after buying an additional 247 shares during the period. Hohimer Wealth Management LLC’s holdings in Apollo Global Management were worth $895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new position in Apollo Global Management in the third quarter worth approximately $35,000. Cullen Frost Bankers Inc. purchased a new stake in Apollo Global Management during the 2nd quarter worth approximately $35,000. Prospera Private Wealth LLC acquired a new stake in shares of Apollo Global Management in the third quarter valued at $80,000. Truvestments Capital LLC acquired a new stake in Apollo Global Management in the 3rd quarter valued at about $83,000. Finally, Allworth Financial LP raised its holdings in Apollo Global Management by 14.3% in the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 1.3 %

Apollo Global Management stock opened at $174.79 on Wednesday. Apollo Global Management, Inc. has a twelve month low of $89.76 and a twelve month high of $189.49. The firm’s 50 day moving average price is $155.27 and its two-hundred day moving average price is $129.81. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $98.90 billion, a PE ratio of 18.26, a P/E/G ratio of 1.84 and a beta of 1.63.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.463 per share. The ex-dividend date was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is currently 19.33%.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the transaction, the chief financial officer now owns 320,564 shares of the company’s stock, valued at approximately $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 this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the stock in a transaction on 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 transaction, the insider now directly owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock worth $34,186,128 over the last 90 days. Corporate insiders own 8.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday. Piper Sandler initiated coverage on shares of Apollo Global Management in a report on Tuesday, November 19th. They issued an “overweight” rating and a $188.00 target price on the stock. Wolfe Research started coverage on Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their price target on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Evercore ISI lifted their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $159.16.

About Apollo Global Management

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.