Exchange Traded Concepts LLC Purchases 3,847 Shares of Apollo Global Management, Inc. (NYSE:APO)

Exchange Traded Concepts LLC boosted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 35.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,572 shares of the financial services provider’s stock after buying an additional 3,847 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Apollo Global Management were worth $2,407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new stake in Apollo Global Management during the 4th quarter valued at $165,000. Encompass More Asset Management bought a new stake in Apollo Global Management during the 4th quarter valued at $553,000. Donoghue Forlines LLC purchased a new position in Apollo Global Management during the 4th quarter valued at $1,975,000. Janney Montgomery Scott LLC purchased a new position in Apollo Global Management during the 4th quarter valued at $33,162,000. Finally, SG Americas Securities LLC increased its position in Apollo Global Management by 786.3% during the 4th quarter. SG Americas Securities LLC now owns 38,538 shares of the financial services provider’s stock valued at $6,365,000 after purchasing an additional 34,190 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Performance

Shares of APO stock opened at $172.02 on Monday. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The company’s 50-day moving average is $169.66 and its 200 day moving average is $141.77. The company has a market capitalization of $97.33 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.36 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a dividend of $0.463 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 annualized dividend and a yield of 1.08%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is currently 19.33%.

Analyst Ratings Changes

APO has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. TD Cowen boosted their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. boosted their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. UBS Group raised shares of Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company reduced their price objective on shares of Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $164.32.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the transaction, the chief financial officer now owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leon D. Black sold 133,400 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the transaction, the insider now owns 35,471,373 shares in the company, valued at $6,177,694,321.68. This represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 196,600 shares of company stock worth $34,186,128. Company insiders own 8.50% of the company’s stock.

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.